Globe Life (GL) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Apr. 26, 2022
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-08052
Entity Registrant Name	GLOBE LIFE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	63-0780404
Entity Address, Address Line One	3700 South Stonebridge Drive
Entity Address, City or Town	McKinney
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75070
City Area Code	972
Local Phone Number	569-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		98,599,602
Entity Central Index Key	0000320335
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock, $1.00 par value per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $1.00 par value per share
Trading Symbol	GL
Security Exchange Name	NYSE
4.250% Junior Subordinated Debentures
Entity Listings [Line Items]
Title of 12(b) Security	4.250% Junior Subordinated Debentures
Trading Symbol	GL PRD
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments:
Fixed maturities—available for sale, at fair value (amortized cost: 2022—$17,975,410; 2021—$17,805,309, allowance for credit losses: 2022— $0; 2021— $387)	$ 19,179,107	$ 21,305,287
Policy loans	591,958	589,634
Other long-term investments (includes: 2022—$732,360; 2021—$640,263 under the fair value option)	889,769	793,925
Short-term investments	57,344	69,145
Total investments	20,718,178	22,757,991
Cash	127,628	92,163
Accrued investment income	269,975	251,307
Other receivables	487,929	487,443
Deferred acquisition costs	4,999,935	4,914,728
Goodwill	481,791	481,791
Other assets	764,892	782,625
Total assets	27,850,328	29,768,048
Liabilities:
Future policy benefits	16,229,940	16,034,727
Unearned and advance premium	70,889	65,472
Policy claims and other benefits payable	433,553	412,940
Other policyholders' funds	99,606	98,935
Total policy liabilities	16,833,988	16,612,074
Current and deferred income taxes	1,298,911	1,765,021
Short-term debt	522,079	479,644
Long-term debt (estimated fair value: 2022—$1,525,731; 2021—$1,667,009)	1,546,858	1,546,494
Other liabilities	754,472	722,009
Total liabilities	20,956,308	21,125,242
Commitments and Contingencies (Note 5)
Shareholders' equity:
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2022 and 2021	0	0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2022—109,218,183 issued; 2021—109,218,183 issued)	109,218	109,218
Additional paid-in-capital	523,068	520,564
Accumulated other comprehensive income (loss)	869,495	2,677,583
Retained earnings	6,315,609	6,182,100
Treasury stock, at cost: (2022—10,343,676 shares; 2021—9,650,845 shares)	(923,370)	(846,659)
Total shareholders' equity	6,894,020	8,642,806
Total liabilities and shareholders' equity	$ 27,850,328	$ 29,768,048

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fixed maturities, available for sale, amortized cost	$ 17,975,410	$ 17,805,309
Fixed maturities, available for sale, allowance for credit losses	0	387
Other long-term investments under fair value option	889,769	793,925
Total long-term debt, fair value	$ 1,525,731	$ 1,667,009
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	320,000,000	320,000,000
Common stock, shares issued (in shares)	109,218,183	109,218,183
Common stock, shares outstanding (in shares)	109,218,183	109,218,183
Common stock, shares held in treasury (in shares)	10,343,676	9,650,845
Partnership Interest - Fair Value Option | Investment in limited partnerships
Other long-term investments under fair value option	$ 732,360	$ 640,263

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue:
Revenue	$ 1,071,602	$ 1,002,293
Net investment income	243,834	235,820
Realized gains (losses)	(7,244)	28,152
Other income	164	295
Total revenue	1,308,356	1,266,560
Benefits and expenses:
Life policyholder benefits	549,343	517,631
Health policyholder benefits	196,855	187,829
Other policyholder benefits	7,050	7,259
Total policyholder benefits	753,248	712,719
Amortization of deferred acquisition costs	158,384	152,993
Commissions, premium taxes, and non-deferred acquisition costs	90,813	79,666
Other operating expense	84,352	81,210
Interest expense	19,944	21,178
Total benefits and expenses	1,106,741	1,047,766
Income before income taxes	201,615	218,794
Income tax benefit (expense)	(37,254)	(40,277)
Net income	$ 164,361	$ 178,517
Basic net income per common share (in dollars per share)	$ 1.66	$ 1.73
Diluted net income per common share (in dollars per share)	$ 1.64	$ 1.70
Life premium
Revenue:
Revenue	$ 754,602	$ 708,119
Health premium
Revenue:
Revenue	317,000	294,173
Other premium
Revenue:
Revenue	$ 0	$ 1

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net income	$ 164,361	$ 178,517
Unrealized gains (losses) on fixed maturities:
Unrealized gains (losses)	(2,296,668)	(1,276,759)
Less applicable tax (expense) benefit	482,299	268,119
Unrealized gains (losses) on investments, net of tax	(1,814,369)	(1,008,640)
Deferred acquisition costs:
Unrealized gains (losses) attributable to deferred acquisition costs	376	359
Less applicable tax (expense) benefit	(79)	(75)
Unrealized gains (losses) attributable to deferred acquisition costs, net of tax	297	284
Foreign exchange translation:
Foreign exchange translation adjustments, other than securities	4,138	(610)
Less applicable tax (expense) benefit	(869)	128
Foreign exchange translation adjustments, other than securities, net of tax	3,269	(482)
Pension:
Pension adjustments	3,437	5,200
Less applicable tax (expense) benefit	(722)	(1,091)
Pension adjustments, net of tax	2,715	4,109
Other comprehensive income (loss)	(1,808,088)	(1,004,729)
Comprehensive income (loss)	(1,643,727)	(826,212)
Securities
Unrealized gains (losses) on fixed maturities:
Unrealized holding gains (losses) arising during period	(2,292,922)	(1,262,059)
Provision for credit losses
Other reclassification adjustments included in net income	(4,030)	(17,142)
Foreign exchange adjustment on fixed maturities recorded at fair value	$ 284	$ 2,442

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock
Beginning balance at Dec. 31, 2020	$ 8,771,092	$ 0	$ 113,218	$ 527,435	$ 3,029,244	$ 5,874,109	$ (772,914)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	(826,212)				(1,004,729)	178,517
Common dividends declared	(20,435)					(20,435)
Acquisition of treasury stock	(132,720)						(132,720)
Stock-based compensation	7,888			(11,422)		1,168	18,142
Exercise of stock options	32,724					(12,807)	45,531
Ending balance at Mar. 31, 2021	7,832,337	0	113,218	516,013	2,024,515	6,020,552	(841,961)
Beginning balance at Dec. 31, 2021	8,642,806	0	109,218	520,564	2,677,583	6,182,100	(846,659)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	(1,643,727)				(1,808,088)	164,361
Common dividends declared	(20,543)					(20,543)
Acquisition of treasury stock	(119,482)						(119,482)
Stock-based compensation	9,035			2,504		(345)	6,876
Exercise of stock options	25,931					(9,964)	35,895
Ending balance at Mar. 31, 2022	$ 6,894,020	$ 0	$ 109,218	$ 523,068	$ 869,495	$ 6,315,609	$ (923,370)

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common dividends declared, per share (in dollars per share)	$ 0.2075	$ 0.1975

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Cash Flows [Abstract]
Cash provided from (used for) operating activities	$ 397,133	$ 371,830
Investments sold or matured:
Fixed maturities available for sale—sold	75,116	61,858
Fixed maturities available for sale—matured or other redemptions	115,160	36,683
Other long-term investments	20,929	3,733
Total investments sold or matured	211,205	102,274
Acquisition of investments:
Fixed maturities—available for sale	(339,145)	(295,869)
Other long-term investments	(122,010)	(65,997)
Total investments acquired	(461,155)	(361,866)
Net (increase) decrease in policy loans	(2,324)	82
Net (increase) decrease in short-term investments	11,801	14,434
Additions to properties	(6,981)	(15,529)
Investments in low-income housing interests	(27,870)	(9,080)
Cash provided from (used for) investing activities	(275,324)	(269,685)
Cash provided from (used for) financing activities:
Issuance of common stock	25,931	32,724
Cash dividends paid to shareholders	(19,687)	(19,511)
Net borrowing (repayment) of commercial paper	42,348	20,001
Acquisition of treasury stock	(119,482)	(132,720)
Net receipts (payments) from deposit-type products	(13,810)	(13,811)
Cash provided from (used for) financing activities	(84,700)	(113,317)
Effect of foreign exchange rate changes on cash	(1,644)	(2,171)
Net increase (decrease) in cash	35,465	(13,343)
Cash at beginning of year	92,163	94,847
Cash at end of period	$ 127,628	$ 81,504

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Note 1—Significant Accounting Policies Business : (Globe Life), (the Company), refers to Globe Life Inc., an insurance holding company incorporated in Delaware in 1979, and Globe Life Inc. subsidiaries and affiliates. Globe Life Inc.'s direct or indirect primary subsidiaries are Globe Life And Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, Family Heritage Life Insurance Company of America, and United American Insurance Company. The underwriting companies are owned by their ultimate corporate parent, Globe Life Inc. (the Parent Company). Globe Life provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The Company is organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Basis of Presentation: The accompanying consolidated financial statements of Globe Life have been prepared in accordance with the instructions to Form 10-Q. Therefore, they do not include all of the disclosures required by accounting principles generally accepted in the United States of America (GAAP) for annual financial statements. However, in the opinion of management, these statements include all adjustments, consisting of normal recurring adjustments, which are necessary for a fair presentation of the consolidated financial position at March 31, 2022, and the consolidated results of operations, comprehensive income, and cash flows for the periods ended March 31, 2022 and 2021. The interim period consolidated financial statements should be read in conjunction with the Consolidated Financial Statements that are included in the Form 10-K filed with the Securities Exchange Commission (SEC) on February 24, 2022. Use of Estimates : The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. See further documentation in the significant accounting policies or the accompanying notes.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2022
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	Note 2—New Accounting Standards Accounting Pronouncements Yet to be Adopted Standard Description Effective Date Effect on the Consolidated Financial Statements ASU No. 2018-12/2019-09/2020-11 , Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, with clarification guidance issued in November 2019 and 2020. ASU 2018-12 is a significant change to our current accounting and disclosure of long-duration contracts, which is our primary business. The guidance was primarily issued to: 1) improve the timeliness of recognizing changes in the liability for future policy benefits and modify the rate used to discount future cash flows, 2) simplify and improve the accounting for certain market-based options or guarantees associated with deposit (or account balance) contracts, 3) simplify the amortization of deferred acquisition costs, and 4) improve the effectiveness of the required disclosures. On an annual basis, the Company will be required to update cash flow assumptions such as mortality, morbidity, and persistency, which are recorded in net income. On a quarterly basis, the future policy benefits will be remeasured utilizing an upper-medium grade fixed income instrument yield and the effects of the change will be recognized in accumulated other comprehensive income (AOCI). As a result of the issuance of ASU 2020-11 in November 2020, the effective date for this standard was changed to January 1, 2023. Early adoption is available. The Company does not expect to early adopt ASU 2018-12 and has selected a modified retrospective transition method upon adoption as of the transition date of January 1, 2021. Due to the overall nature of this standard, the impact on the consolidated financial statements is expected to be significant. At the transition date, the Company expects a significant decrease in accumulated other comprehensive income due to the requirement to re-measure policy liabilities using an interest rate currently lower than what is used in valuing the policy liabilities under existing guidance. In addition, the new guidance requires the removal of interest on our DAC asset and changes the related amortization of the asset. These changes are expected to result in a significant reduction to DAC amortization in the near to intermediate term. While the requirements of the new guidance represent a significant change from existing GAAP, the new guidance will not impact capital and surplus or net income under statutory accounting practices, cash flows on our policies, or the underlying economics of our business. Significant progress has been made by the Company in order to timely adopt the new guidance, including validating computations, establishing proper controls, finalizing accounting policies, and preparing financial disclosures. The Company anticipates providing quantitative estimates of the impact of adoption of the ASU later this year once we have properly tested our models and assumptions and determined the appropriate discount rates.

Supplemental Information about

Supplemental Information about Changes to Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Supplemental Information about Changes to Accumulated Other Comprehensive Income	Note 3—Supplemental Information about Changes to Accumulated Other Comprehensive Income Components of Accumulated Other Comprehensive Income : An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for the three month periods ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 Available Deferred Foreign Pension Total Balance at January 1, 2022 $ 2,765,290 $ (3,418) $ 19,387 $ (103,676) $ 2,677,583 Other comprehensive income (loss) before reclassifications, net of tax (1,811,185) 297 3,269 — (1,807,619) Reclassifications, net of tax (3,184) — — 2,715 (469) Other comprehensive income (loss) (1,814,369) 297 3,269 2,715 (1,808,088) Balance at March 31, 2022 $ 950,921 $ (3,121) $ 22,656 $ (100,961) $ 869,495 Three Months Ended March 31, 2021 Available Deferred Foreign Pension Total Balance at January 1, 2021 $ 3,175,572 $ (4,704) $ 23,302 $ (164,926) $ 3,029,244 Other comprehensive income (loss) before reclassifications, net of tax (995,098) 284 (482) — (995,296) Reclassifications, net of tax (13,542) — — 4,109 (9,433) Other comprehensive income (loss) (1,008,640) 284 (482) 4,109 (1,004,729) Balance at March 31, 2021 $ 2,166,932 $ (4,420) $ 22,820 $ (160,817) $ 2,024,515 Reclassification Adjustments : Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three month periods ended March 31, 2022 and 2021. Three Months Ended March 31, Affected line items in the Statement of Operations Component Line Item 2022 2021 Unrealized investment (gains) losses on available for sale assets: Realized (gains) losses $ (4,937) $ (18,790) Realized (gains) losses Amortization of (discount) premium 907 1,648 Net investment income Total before tax (4,030) (17,142) Tax 846 3,600 Income taxes Total after-tax (3,184) (13,542) Pension adjustments: Amortization of prior service cost 158 158 Other operating expense Amortization of actuarial (gain) loss 3,279 5,042 Other operating expense Total before tax 3,437 5,200 Tax (722) (1,091) Income taxes Total after-tax 2,715 4,109 Total reclassification (after-tax) $ (469) $ (9,433)

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	Note 4—Investments Portfolio Composition : Summaries of fixed maturities available for sale by amortized cost, fair value, and allowance for credit losses at March 31, 2022 and December 31, 2021, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows. Redeemable preferred stock is included within "Corporates, by sector." At March 31, 2022 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 378,985 $ — $ 23,462 $ (717) $ 401,730 2 States, municipalities, and political subdivisions 2,398,188 — 106,675 (195,127) 2,309,736 12 Foreign governments 60,836 — 469 (8,275) 53,030 — Corporates, by sector: Financial 4,656,368 — 419,779 (83,808) 4,992,339 26 Utilities 1,913,100 — 251,695 (10,273) 2,154,522 11 Energy 1,586,815 — 178,334 (19,601) 1,745,548 9 Other corporate sectors 6,843,681 — 608,394 (90,200) 7,361,875 39 Total corporates 14,999,964 — 1,458,202 (203,882) 16,254,284 85 Collateralized debt obligations 36,310 — 23,228 — 59,538 — Other asset-backed securities 101,127 — 491 (829) 100,789 1 Total fixed maturities $ 17,975,410 $ — $ 1,612,527 $ (408,830) $ 19,179,107 100 (1) Amount reported in the balance sheet. (2) At fair value. At December 31, 2021 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 383,083 $ — $ 64,513 $ (164) $ 447,432 2 States, municipalities, and political subdivisions 2,252,997 — 239,135 (2,907) 2,489,225 12 Foreign governments 59,861 — 900 (5,132) 55,629 — Corporates, by sector: Financial 4,569,160 (387) 907,741 (9,349) 5,467,165 26 Utilities 1,931,391 — 490,119 (1,012) 2,420,498 11 Energy 1,587,892 — 346,780 (1,683) 1,932,989 9 Other corporate sectors 6,879,459 — 1,454,464 (13,362) 8,320,561 39 Total corporates 14,967,902 (387) 3,199,104 (25,406) 18,141,213 85 Collateralized debt obligations 36,468 — 27,037 — 63,505 — Other asset-backed securities 104,998 — 3,715 (430) 108,283 1 Total fixed maturities $ 17,805,309 $ (387) $ 3,534,404 $ (34,039) $ 21,305,287 100 (1) Amount reported in the balance sheet. (2) At fair value. A schedule of fixed maturities available for sale by contractual maturity date at March 31, 2022, is shown below on an amortized cost basis, net of allowance for credit losses, and on a fair value basis. Actual disposition dates could differ from contractual maturities due to call or prepayment provisions. At March 31, 2022 Amortized Fair Fixed maturities available for sale: Due in one year or less $ 112,714 $ 114,802 Due after one year through five years 989,010 1,050,870 Due after five years through ten years 1,723,492 1,902,841 Due after ten years through twenty years 7,046,768 7,962,921 Due after twenty years 7,965,869 7,987,219 Mortgage-backed and asset-backed securities 137,557 160,454 $ 17,975,410 $ 19,179,107 Analysis of Investment Operations: "Net investment income" for the three month periods ended March 31, 2022 and 2021 is summarized as follows: Three Months Ended 2022 2021 % Change Fixed maturities available for sale $ 225,284 $ 221,719 2 Policy loans 11,428 11,268 1 Other long-term investments (1) 12,713 8,162 56 Short-term investments 2 4 (50) 249,427 241,153 3 Less investment expense (5,593) (5,333) 5 Net investment income $ 243,834 $ 235,820 3 (1) For the three months ended March 31, 2022 and 2021, the investment funds, accounted for under the fair value option method, recorded $10.7 million and $5.8 million of distributions, respectively in net investment income. Refer to Other Long-Term Investments below for further discussion on the investment funds. Selected information about sales of fixed maturities available for sale is as follows: Three Months Ended 2022 2021 Fixed maturities available for sale: Proceeds from sales (1) $ 75,116 $ 61,858 Gross realized gains 773 1,134 Gross realized losses (3,679) (12,019) (1) There were no unsettled sales in the periods ended March 31, 2022 and 2021. An analysis of "Realized gains (losses)" is as follows: Three Months Ended 2022 2021 Realized investment gains (losses): Fixed maturities available for sale: Sales and other (1) $ 4,549 $ 15,444 Provision for credit losses 387 3,346 Fair value option—change in fair value (5,338) 9,885 Other investments (6,842) (523) Realized gains (losses) from investments (7,244) 28,152 Applicable tax 1,521 (5,912) Realized gains (losses), net of tax $ (5,723) $ 22,240 (1) During the three months ended March 31, 2022 and 2021, the Company recorded $0 and $85.8 million of exchanges of fixed maturities (noncash transactions) that resulted in $0 and $25.2 million, respectively in realized gains (losses). Fair Value Measurements: The following tables represent the fair value of fixed maturities measured on a recurring basis at March 31, 2022 and December 31, 2021: Fair Value Measurement at March 31, 2022 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 401,730 $ — $ 401,730 States, municipalities, and political subdivisions — 2,309,736 — 2,309,736 Foreign governments — 53,030 — 53,030 Corporates, by sector: Financial — 4,835,986 156,353 4,992,339 Utilities — 2,027,154 127,368 2,154,522 Energy — 1,732,407 13,141 1,745,548 Other corporate sectors — 7,072,767 289,108 7,361,875 Total corporates — 15,668,314 585,970 16,254,284 Collateralized debt obligations — — 59,538 59,538 Other asset-backed securities — 100,789 — 100,789 Total fixed maturities $ — $ 18,533,599 $ 645,508 $ 19,179,107 Percentage of total — % 97 % 3 % 100 % Fair Value Measurement at December 31, 2021 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 447,432 $ — $ 447,432 States, municipalities, and political subdivisions — 2,489,225 — 2,489,225 Foreign governments — 55,629 — 55,629 Corporates, by sector: Financial — 5,303,547 163,618 5,467,165 Utilities — 2,266,231 154,267 2,420,498 Energy — 1,919,416 13,573 1,932,989 Other corporate sectors — 8,010,331 310,230 8,320,561 Total corporates — 17,499,525 641,688 18,141,213 Collateralized debt obligations — — 63,505 63,505 Other asset-backed securities — 108,283 — 108,283 Total fixed maturities $ — $ 20,600,094 $ 705,193 $ 21,305,287 Percentage of total — % 97 % 3 % 100 % The following tables represent changes in fixed maturities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2022 $ — $ 63,505 $ 641,688 $ 705,193 Included in realized gains / losses — — — — Included in other comprehensive income — (3,809) (36,360) (40,169) Acquisitions — — — — Sales — — — — Amortization — 1,123 1 1,124 Other (1) — (1,281) (19,359) (20,640) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2022 $ — $ 59,538 $ 585,970 $ 645,508 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2021 $ 12,870 $ 71,598 $ 714,505 $ 798,973 Included in realized gains / losses — (6,787) — (6,787) Included in other comprehensive income (1,261) 9,900 (24,135) (15,496) Acquisitions — — — — Sales — (13,213) — (13,213) Amortization — 1,140 2 1,142 Other (1) — (1,337) (2,028) (3,365) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2021 $ 11,609 $ 61,301 $ 688,344 $ 761,254 Percent of total fixed maturities — % 1 % 3 % 4 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. The following table presents changes in unrealized gains or (losses) for the period included in other comprehensive income for assets held at the end of the reporting period for Level 3s: Changes in Unrealized Gains (Losses) included in Other Comprehensive Income for Assets Held at the End of the Period Asset- Collateralized Corporates Total At March 31, 2022 $ — $ (3,809) $ (36,360) $ (40,169) At March 31, 2021 (1,261) 9,900 (24,135) (15,496) Unrealized Loss Analysis : The following table discloses information about fixed maturities available for sale in an unrealized loss position. Less than Twelve Months Twelve Months or Longer Total Number of issues (CUSIPs) held: As of March 31, 2022 915 54 969 As of December 31, 2021 138 42 180 Globe Life's entire fixed maturity portfolio consisted of 2,091 issues by 876 different issuers at March 31, 2022 and 2,060 issues by 843 different issuers at December 31, 2021. The weighted-average quality rating of all unrealized loss positions at amortized cost was A and A- as of March 31, 2022 and December 31, 2021, respectively. The following tables disclose unrealized investment losses by class and major sector of fixed maturities available for sale at March 31, 2022 and December 31, 2021. Analysis of Gross Unrealized Investment Losses At March 31, 2022 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 27,111 $ (271) $ 3,591 $ (446) $ 30,702 $ (717) States, municipalities and political subdivisions 1,308,081 (193,624) 4,630 (1,503) 1,312,711 (195,127) Foreign governments 7,738 (959) 25,506 (7,316) 33,244 (8,275) Corporates, by sector: Financial 889,046 (62,791) 54,507 (8,343) 943,553 (71,134) Utilities 257,824 (8,762) 4,736 (1,106) 262,560 (9,868) Energy 236,413 (13,801) — — 236,413 (13,801) Other corporate sectors 1,003,128 (65,334) 64,580 (14,433) 1,067,708 (79,767) Total corporates 2,386,411 (150,688) 123,823 (23,882) 2,510,234 (174,570) Collateralized debt obligations — — — — — — Other asset-backed securities 44,651 (569) — — 44,651 (569) Total investment grade securities 3,773,992 (346,111) 157,550 (33,147) 3,931,542 (379,258) Below investment grade securities: States, municipalities and political subdivisions — — — — — — Corporates, by sector: Financial 56,133 (4,293) 54,149 (8,381) 110,282 (12,674) Utilities 14,690 (405) — — 14,690 (405) Energy 26,871 (718) 22,996 (5,082) 49,867 (5,800) Other corporate sectors 41,377 (2,624) 24,854 (7,809) 66,231 (10,433) Total corporates 139,071 (8,040) 101,999 (21,272) 241,070 (29,312) Collateralized debt obligations — — — — — — Other asset-backed securities — — 13,102 (260) 13,102 (260) Total below investment grade securities 139,071 (8,040) 115,101 (21,532) 254,172 (29,572) Total fixed maturities $ 3,913,063 $ (354,151) $ 272,651 $ (54,679) $ 4,185,714 $ (408,830) Gross unrealized losses may fluctuate quarter over quarter due to adverse factors in the market that affect our holdings, such as changes in interest rates or credit spreads. The Company considers many factors when determining whether an allowance for a credit loss should be recorded. While the Company holds securities that may be in an unrealized loss position from time to time, Globe Life does not generally intend to sell and it is likely that management will not be required to sell the fixed maturities prior to their anticipated recovery or maturity due to the strong cash flows generated by its insurance operations. Analysis of Gross Unrealized Investment Losses At December 31, 2021 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 118 $ (1) $ 3,867 $ (163) $ 3,985 $ (164) States, municipalities and political subdivisions 141,310 (2,824) 2,436 (83) 143,746 (2,907) Foreign governments 12,567 (561) 23,144 (4,571) 35,711 (5,132) Corporates, by sector: Financial 133,654 (1,507) 52,864 (1,932) 186,518 (3,439) Utilities 25,447 (692) 2,372 (320) 27,819 (1,012) Energy 6,519 (238) — — 6,519 (238) Other corporate sectors 115,444 (3,566) 40,249 (3,670) 155,693 (7,236) Total corporates 281,064 (6,003) 95,485 (5,922) 376,549 (11,925) Collateralized debt obligations — — — — — — Other asset-backed securities 10,489 (16) 1 — 10,490 (16) Total investment grade securities 445,548 (9,405) 124,933 (10,739) 570,481 (20,144) Below investment grade securities: States, municipalities and political subdivisions — — — — — — Corporates, by sector: Financial 15,695 (272) 56,897 (5,638) 72,592 (5,910) Utilities — — — — — — Energy — — 26,639 (1,445) 26,639 (1,445) Other corporate sectors 700 (11) 26,581 (6,115) 27,281 (6,126) Total corporates 16,395 (283) 110,117 (13,198) 126,512 (13,481) Collateralized debt obligations — — — — — — Other asset-backed securities — — 13,043 (414) 13,043 (414) Total below investment grade securities 16,395 (283) 123,160 (13,612) 139,555 (13,895) Total fixed maturities $ 461,943 $ (9,688) $ 248,093 $ (24,351) $ 710,036 $ (34,039) Fixed Maturities, Allowance for Credit Losses : A summary of the activity in the allowance for credit losses is as follows. Three Months Ended 2022 2021 Allowance for credit losses beginning balance $ 387 $ 3,346 Additions to allowance for which credit losses were not previously recorded — — Additions (reductions) to allowance for fixed maturities that previously had an allowance — — Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period (387) (3,346) Allowance for credit losses ending balance $ — $ — As of March 31, 2022 and December 31, 2021, the Company did not have any fixed maturities in non-accrual status. Other Long-Term Investments : Other long-term investments consist of the following assets: March 31, December 31, 2021 Investment funds $ 732,360 $ 640,263 Commercial mortgage loan participations 144,074 141,843 Other 13,335 11,819 Total $ 889,769 $ 793,925 The following table presents additional information about the Company's investment funds as of March 31, 2022 and December 31, 2021 at fair value: Fair Value Unfunded Commitments Investment Category March 31, December 31, 2021 March 31, Redemption Term/Notice Commercial mortgage loans $ 409,918 $ 423,776 $ 254,876 Fully redeemable and non-redeemable with varying terms. Opportunistic credit 173,058 178,215 — Initial 2 year lock on each new investment/semi-annual withdrawals thereafter/full redemption within 36 month period. Other 149,384 38,272 103,264 Fully redeemable with varying terms and non-redeemable. Total investment funds $ 732,360 $ 640,263 $ 358,140 The Company had $118 million of capital called during the quarter from existing investment funds, reducing our unfunded commitments. Our unfunded commitments were $358 million as of March 31, 2022. Commercial Mortgage Loan Participations (commercial mortgage loans): Summaries of commercial mortgage loans by property type and geographical location at March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 Carrying Value % of Total Carrying Value % of Total Property type: Mixed use $ 60,396 42 $ 57,996 41 Hospitality 23,161 16 23,186 16 Retail 19,860 14 19,811 14 Industrial 17,900 13 17,900 13 Multi-family 14,770 10 14,872 11 Office 8,814 6 8,905 6 Total recorded investment 144,901 101 142,670 101 Less allowance for credit losses (827) (1) (827) (1) Carrying value, net of allowance for credit losses $ 144,074 100 $ 141,843 100 March 31, 2022 December 31, 2021 Carrying Value % of Total Carrying Value % of Total Geographic location: California $ 69,167 48 $ 67,659 48 New York 18,551 13 18,373 13 Pennsylvania 11,673 8 11,673 8 Indiana 9,717 7 9,717 7 Florida 8,246 6 8,213 6 Texas 5,960 4 5,898 4 Other 21,587 15 21,137 15 Total recorded investment 144,901 101 142,670 101 Less allowance for credit losses (827) (1) (827) (1) Carrying value, net of allowance for credit losses $ 144,074 100 $ 141,843 100 The following tables are reflective of Management's internal risk ratings of the loan portfolio. Loans are rated low, moderate, and high. The risk categories consider many different factors such as quality of asset, borrower status, as well as macroeconomic factors including COVID-19. These loans, originated in 2017 to 2020, are transitional or under construction and may not yet be income producing. Certain ratios, such as loan to value and debt service coverage ratios, may not be evaluated as the value of the underlying transitional property significantly fluctuates based on completion of the project. Net Book Value of Commercial Mortgage Loans Receivable by Year of Origination As of March 31, 2022 Risk Rating: Number of Loans 2022 2021 2020 2019 2018 2017 Total Low 14 $ — $ — $ 25,045 $ 12,509 $ 41,151 $ 35,851 $ 114,556 Moderate 6 — — 1,297 17,434 — — 18,731 High 2 — — — 4,597 7,017 — 11,614 Total commercial mortgage loans 22 $ — $ — $ 26,342 $ 34,540 $ 48,168 $ 35,851 144,901 Less allowance for credit losses on the investment pool (827) Less allowance for credit losses on individual loans — Carrying value, net of valuation allowance $ 144,074 Net Book Value of Commercial Mortgage Loans Receivable by Year of Origination As of December 31, 2021 Risk Rating: Number of Loans 2021 2020 2019 2018 2017 Total Low 14 $ — $ 23,636 $ 11,925 $ 41,209 $ 35,729 $ 112,499 Moderate 6 — 1,400 17,173 — — 18,573 High 2 — — 4,593 7,005 — 11,598 Total commercial mortgage loans 22 $ — $ 25,036 $ 33,691 $ 48,214 $ 35,729 142,670 Less allowance for credit losses on the investment pool (827) Less allowance for credit losses on individual loans — Carrying value, net of valuation allowance $ 141,843 As of March 31, 2022, the Company evaluated the commercial mortgage loan portfolio on a pool basis to determine the allowance for credit losses. At the end of the period, the Company had 22 loans in the portfolio. For the three months ended March 31, 2022, the allowance for credit losses remained at $827 thousand. The provision for credit losses is included in "Realized gains (losses)" in the Condensed Consolidated Statements of Operations . Three Months Ended 2022 2021 Allowance for credit losses beginning balance $ 827 $ 3,505 Provision (reversal) for credit losses — (1,358) Allowance for credit losses ending balance $ 827 $ 2,147

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5—Commitments and Contingencies Guarantees : The Parent Company has guaranteed letters of credit in connection with its credit facility with a group of banks. The letters of credit were issued by TMK Re, Ltd., a wholly-owned subsidiary, to secure TMK Re, Ltd.’s obligation for claims on certain policies reinsured by TMK Re, Ltd. that were sold by other Globe Life insurance subsidiaries. These letters of credit facilitate TMK Re, Ltd.’s ability to reinsure the business of Globe Life's insurance carriers. The agreement was amended on September 30, 2021 and now expires in 2026. The maximum amount of letters of credit available is $250 million. The Parent Company would be liable to the extent that TMK Re, Ltd. does not pay the reinsured party. The amount outstanding at March 31, 2022 was $125 million. Litigation : Globe Life Inc. (formerly Torchmark Corporation) and its subsidiaries, in common with the insurance industry in general, are subject to litigation, including putative class action litigation, alleged breaches of contract, torts, including bad faith and fraud claims based on alleged wrongful or fraudulent acts of agents of the Parent Company's insurance subsidiaries, employment discrimination, and miscellaneous other causes of action. Based upon information presently available, and in light of legal and other factual defenses available to the Parent Company and its subsidiaries, management does not believe that it is reasonably possible that such litigation will have a material adverse effect on Globe Life's financial condition, future operating results or liquidity; however, assessing the eventual outcome of litigation necessarily involves forward-looking speculation as to judgments to be made by judges, juries and appellate courts in the future. This bespeaks caution, particularly in states with reputations for high punitive damage verdicts. Globe Life's management recognizes that large punitive damage awards bearing little or no relation to actual damages continue to be awarded by juries in jurisdictions in which the Company has substantial business, creating the potential for unpredictable material adverse judgments in any given punitive damage suit.

Liability for Unpaid Claims

Liability for Unpaid Claims	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
Liability for Unpaid Claims	Note 6—Liability for Unpaid Claims Activity in the liability for unpaid health claims is summarized as follows: March 31, December 31, Balance at beginning of period $ 167,832 $ 162,261 Incurred related to: Current year 176,953 638,054 Prior year (12,008) (22,477) Total incurred 164,945 615,577 Paid related to: Current year 70,775 487,096 Prior year 89,235 122,910 Total paid 160,010 610,006 Balance at end of period $ 172,767 $ 167,832 Below is the reconciliation of the liability of " Policy claims and other benefits payable" in the Condensed Consolidated Balance Sheets . March 31, December 31, Policy claims and other benefits payable: Life insurance $ 260,786 $ 245,108 Health insurance 172,767 167,832 Total $ 433,553 $ 412,940

Postretirement Benefits

Postretirement Benefits	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Postretirement Benefits	Note 7—Postretirement Benefits Globe Life has qualified noncontributory defined benefit pension plans (Pension Plans) and contributory savings plans that cover substantially all employees. There is also a nonqualified noncontributory supplemental executive retirement plan (SERP) that covers a limited number of officers. The tables included herein will focus on the Pension Plans and SERP. Pension Assets: The following table presents the assets of the Company's Pension Plans at March 31, 2022 and December 31, 2021. Pension Assets by Component at March 31, 2022 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % to Total Corporate bonds: Financial $ — $ 47,184 $ — $ 47,184 8 Utilities — 39,148 — 39,148 7 Energy — 20,916 — 20,916 4 Other corporates — 79,311 — 79,311 14 Total corporate bonds — 186,559 — 186,559 33 Exchange traded fund (1) 300,244 — — 300,244 55 Other bonds — 223 — 223 — Guaranteed annuity contract (2) — 34,863 — 34,863 6 Short-term investments 12,075 — — 12,075 2 Other 8,192 — — 8,192 1 $ 320,511 $ 221,645 $ — 542,156 97 Other long-term investments (3) 15,545 3 Total pension assets $ 557,701 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Non-Exempt Employees Defined Benefit Pension Plan ("American Income Pension Plan"). (3) Included in other long-term investments is an investment fund that reports the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value per share or its equivalent (NAV), as a practical expedient for fair value. The Globe Life Inc. Pension Plan owns less than 1% of the investment fund. As of March 31, 2022, the expected term of the investment fund is approximately 3 years and the commitment of the investment is fully funded. The investment is non-redeemable. Pension Assets by Component at December 31, 2021 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % to Total Corporate bonds: Financial $ — $ 52,522 $ — $ 52,522 9 Utilities — 43,663 — 43,663 7 Energy — 22,719 — 22,719 4 Other corporates — 88,673 — 88,673 15 Total corporate bonds — 207,577 — 207,577 35 Exchange traded fund (1) 315,720 — — 315,720 52 Other bonds — 239 — 239 — Guaranteed annuity contract (2) — 34,743 — 34,743 6 Short-term investments 13,731 — — 13,731 2 Other 10,388 — — 10,388 2 $ 339,839 $ 242,559 $ — 582,398 97 Other long-term investments (3) 15,149 3 Total pension assets $ 597,547 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Non-Exempt Employees Defined Benefit Pension Plan ("American Income Pension Plan"). (3) Included in other long-term investments is an investment fund that reports the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value per share or its equivalent (NAV), as a practical expedient for fair value. The Globe Life Inc. Pension Plan owns approximately 1% of the investment fund. As of December 31, 2021, the expected term of the investment fund was approximately 3 years and the commitment of the investment is fully funded. The investment is non-redeemable. SERP : The following table includes information regarding the SERP. Three Months Ended 2022 2021 Premiums paid for insurance coverage $ 443 $ 443 March 31, December 31, Total investments: Company owned life insurance $ 53,572 $ 52,791 Exchange traded funds 80,685 87,133 $ 134,257 $ 139,924 Pension Plans and SERP Liabilities : The following table presents liabilities for the defined benefit pension plans and SERP at March 31, 2022 and December 31, 2021. March 31, December 31, Pension Plans $ 651,861 $ 686,917 SERP 91,725 92,017 Pension benefit obligation $ 743,586 $ 778,934 Net Periodic Benefit Cost: The following table presents the net periodic benefit costs for the Pension Plans and SERP by expense components for the three months ended March 31, 2022 and 2021. Components of Net Periodic Benefit Cost Three Months Ended 2022 2021 Service cost $ 8,655 $ 7,918 Interest cost 6,123 5,467 Expected return on assets (8,885) (8,083) Amortization: Prior service cost 158 158 Actuarial (gain) loss 3,209 4,985 Net periodic benefit cost $ 9,260 $ 10,445

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 8—Earnings Per Share Earnings per Share : A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows: Three Months Ended 2022 2021 Basic weighted average shares outstanding 99,273,616 103,482,944 Weighted average dilutive options outstanding 976,758 1,354,773 Diluted weighted average shares outstanding 100,250,374 104,837,717 Antidilutive shares 563,991 1,836,559

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Note 9—Debt The following table presents information about the terms and outstanding balances of Globe Life's debt. Selected Information about Debt Issues As of March 31, December 31, Instrument Issue Date Maturity Date Coupon Rate Par Unamortized Discount & Issuance Costs Book Fair Book Senior notes 5/27/1993 5/15/2023 7.875% $ 165,612 $ (327) $ 165,285 $ 174,991 $ 165,216 Senior notes (1) 9/24/2012 9/15/2022 3.800% 150,000 (161) 149,839 151,500 149,752 Senior notes 9/27/2018 9/15/2028 4.550% 550,000 (4,888) 545,112 576,906 544,949 Senior notes 8/21/2020 8/15/2030 2.150% 400,000 (4,111) 395,889 358,344 395,778 Junior subordinated debentures 11/17/2017 11/17/2057 5.275% 125,000 (1,601) 123,399 127,150 123,396 Junior subordinated debentures 6/14/2021 6/15/2061 4.250% 325,000 (7,827) 317,173 288,340 317,155 1,715,612 (18,915) 1,696,697 1,677,231 1,696,246 Less current maturity of long-term debt (1) 150,000 (161) 149,839 151,500 149,752 Total long-term debt 1,565,612 (18,754) 1,546,858 1,525,731 1,546,494 Current maturity of long-term debt (1) 150,000 (161) 149,839 151,500 149,752 Commercial paper 372,524 (284) 372,240 372,240 329,892 Total short-term debt 522,524 (445) 522,079 523,740 479,644 Total debt $ 2,088,136 $ (19,199) $ 2,068,937 $ 2,049,471 $ 2,026,138 (1) An additional $150 million par value and book value is held by insurance subsidiaries that eliminates in consolidation. The commercial paper has the highest priority of all the debt, followed by senior notes then junior subordinated debentures. The senior notes due 2023 are noncallable, the remaining senior notes are callable under a make-whole provision, and the junior subordinated debentures are subject to an optional redemption five years from issuance. Interest on the 4.25% junior subordinated debentures is payable quarterly while all other long-term debt is payable semi-annually. Federal Home Loan Bank (FHLB) Funding : In 2021, four of our insurance subsidiaries became members of the FHLB of Dallas. FHLB membership provides the insurance subsidiaries with access to various low-cost collateralized borrowings and funding agreements. The membership requires ownership of FHLB common stock, as well as the purchase of activity-based common stock equal to 4.1% of outstanding borrowings. Globe Life owns $9.4 million in FHLB common stock as of March 31, 2022 and $7.9 million as of December 31, 2021. The FHLB stock is restricted for the duration of the membership and recorded at cost (par) as required by applicable guidance. The FHLB stock is included in "Other long-term investments " in the Condensed Consolidated Balance Sheets and activity is recorded in "Net receipts (payments) from deposit-type products" in the Condensed Consolidated Statement of Cash Flows .

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Business Segments	Note 10—Business Segments Globe Life is organized into four segments: life insurance, supplemental health insurance, annuities, and investments. In addition, other expenses not included in these segments are reported in "Corporate & Other." Globe Life's reportable insurance segments are based on the insurance product lines it markets and administers: life insurance, supplemental health insurance, and annuities. These major product lines are set out as reportable segments because of the common characteristics of products within these categories, comparability of margins, and the similarity in regulatory environment and management techniques. There is also an investment segment which manages the investment portfolio, debt, and cash flow for the insurance segments and the corporate function. The Company's chief operating decision makers evaluate the overall performance of the operations of the Company in accordance with these segments. Life insurance products marketed by Globe Life include traditional whole life and term life insurance. An immaterial amount of annuities sold as companion products are included in the life segment. Health insurance products are generally guaranteed renewable and include Medicare Supplement, critical illness, accident, and limited-benefit supplemental hospital and surgical coverage. Annuities include fixed-benefit contracts. Globe Life markets its insurance products through a number of distribution channels, each of which sells the products of one or more of Globe Life's insurance segments. Our distribution channels consist of the following exclusive agencies: American Income Life Division (American Income), Liberty National Division (Liberty National) and Family Heritage Division (Family Heritage); an independent agency, United American Division (United American); and our Direct to Consumer Division (Direct to Consumer). The tables below present segment premium revenue by each of Globe Life's distribution channels. Premium Income by Distribution Channel Three Months Ended March 31, 2022 Life Health Annuity Total Distribution Channel Amount % of Amount % of Amount % of Amount % of American Income $ 369,987 49 $ 28,854 9 $ — — $ 398,841 37 Direct to Consumer 251,126 33 18,756 6 — — 269,882 25 Liberty National 80,719 11 47,186 15 — — 127,905 12 United American 2,059 — 132,664 42 — — 134,723 13 Family Heritage 1,369 — 89,540 28 — — 90,909 8 Other 49,342 7 — — — — 49,342 5 $ 754,602 100 $ 317,000 100 $ — — $ 1,071,602 100 Three Months Ended March 31, 2021 Life Health Annuity Total Distribution Channel Amount % of Total Amount % of Total Amount % of Total Amount % of Total American Income $ 334,895 47 $ 27,351 9 $ — — $ 362,246 36 Direct to Consumer 244,028 35 19,360 7 — — 263,388 26 Liberty National 75,737 11 47,040 16 — — 122,777 12 United American 2,277 — 117,087 40 1 100 119,365 12 Family Heritage 1,118 — 83,335 28 — — 84,453 9 Other 50,064 7 — — — — 50,064 5 $ 708,119 100 $ 294,173 100 $ 1 100 $ 1,002,293 100 Due to the nature of the life insurance industry, Globe Life has no individual or group that would be considered a major customer. Substantially all of Globe Life's business is conducted in the United States. The measure of profitability established by the chief operating decision makers for the insurance segments is underwriting margin before other income and administrative expenses, in accordance with the manner in which the segments are managed. It essentially represents gross profit margin on insurance products before insurance administrative expenses and consists primarily of premium less net policy benefits, acquisition expenses, and commissions. Required interest on net policy liabilities (benefit reserves less deferred acquisition costs) is reflected as a component of the Investment segment (rather than as a component of underwriting margin in the insurance and annuity segments) in order to match this cost with the investment income earned on the assets supporting the net policy liabilities. The measure of profitability for the Investment segment is excess investment income, representing the income earned on the investment portfolio in excess of net policy requirements and financing costs associated with Globe Life's debt. Other than the above-mentioned interest allocations, no other intersegment revenues or expenses are recognized. Expenses directly attributable to corporate operations are included in the “Corporate & Other” category. Stock-based compensation expense is considered a corporate expense by Globe Life management and is included in this category. All other unallocated revenues and expenses on a pretax basis, including insurance administrative expense, are also included in the “Corporate & Other” segment category. Globe Life holds a sizable investment portfolio to support its insurance liabilities, the yield from which is used to offset policy benefit, acquisition, administrative and tax expenses. This yield or investment income is taken into account when establishing premium rates and profitability expectations for its insurance products. From time to time, investments are sold or called, or experience a credit loss event, each of which is reflected by the Company as realized gain (loss)—investments. These gains or losses generally occur as a result of disposition due to issuer calls, compliance with Company investment policies, or other reasons often beyond management’s control. Unlike investment income, realized gains and losses are incidental to insurance operations, and only overall yields are considered when setting premium rates or insurance product profitability expectations. While these gains and losses are not relevant to segment profitability or core operating results, they can have a material positive or negative result on net income. For these reasons, management removes realized investment gains and losses when it views its segment operations. Management removes items that are related to prior periods when evaluating the operating results of current periods. Management also removes non-operating items unrelated to the Company's core insurance activities when evaluating those results. Therefore, these items are excluded in its presentation of segment results, because accounting guidance requires that operating segment results be presented as management views its business. With the exception of the administrative settlements noted in the paragraphs above, all of these items are included in “Other operating expense” in the Condensed Consolidated Statements of Operations for the appropriate year. See additional detail below in the tables. The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note—1 Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income. Three Months Ended March 31, 2022 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 754,602 $ 317,000 $ — $ — $ — $ — $ 1,071,602 Net investment income — — — 243,834 — — 243,834 Other income — — — — 164 — 164 Total revenue 754,602 317,000 — 243,834 164 — 1,315,600 Expenses: Policy obligations 549,343 196,855 7,050 — — — 753,248 Required interest on reserves (189,709) (26,865) (9,672) 226,246 — — — Required interest on DAC 56,232 7,463 53 (63,748) — — — Amortization of acquisition costs 126,079 31,852 453 — — — 158,384 Commissions, premium taxes, and non-deferred acquisition costs 62,203 28,602 8 — — — 90,813 Insurance administrative expense (1) — — — — 72,565 112 (2) 72,677 Parent expense — — — — 2,640 — 2,640 Stock-based compensation expense — — — — 9,035 — 9,035 Interest expense — — — 19,944 — — 19,944 Total expenses 604,148 237,907 (2,108) 182,442 84,240 112 1,106,741 Subtotal 150,454 79,093 2,108 61,392 (84,076) (112) 208,859 Non-operating items — — — — — 112 (2) 112 Measure of segment profitability (pretax) $ 150,454 $ 79,093 $ 2,108 $ 61,392 $ (84,076) $ — 208,971 Realized gain (loss)—investments (7,244) Non-operating expenses (112) Income before income taxes per Condensed Consolidated Statements of Operations $ 201,615 (1) Administrative expense is not allocated to insurance segments. (2) Non-operating expenses. Three Months Ended March 31, 2021 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 708,119 $ 294,173 $ 1 $ — $ — $ — $ 1,002,293 Net investment income — — — 235,820 — — 235,820 Other income — — — — 295 — 295 Total revenue 708,119 294,173 1 235,820 295 — 1,238,408 Expenses: Policy obligations 517,631 187,829 7,259 — — — 712,719 Required interest on reserves (179,925) (24,995) (10,005) 214,925 — — — Required interest on DAC 53,795 6,962 70 (60,827) — — — Amortization of acquisition costs 123,304 29,207 482 — — — 152,993 Commissions, premium taxes, and non-deferred acquisition costs 56,668 22,990 8 — — — 79,666 Insurance administrative expense (1) — — — — 66,176 4,828 (2) 71,004 Parent expense — — — — 2,318 — 2,318 Stock-based compensation expense — — — — 7,888 — 7,888 Interest expense — — — 21,178 — — 21,178 Total expenses 571,473 221,993 (2,186) 175,276 76,382 4,828 1,047,766 Subtotal 136,646 72,180 2,187 60,544 (76,087) (4,828) 190,642 Non-operating items — — — — — 4,828 (2) 4,828 Measure of segment profitability (pretax) $ 136,646 $ 72,180 $ 2,187 $ 60,544 $ (76,087) $ — 195,470 Realized gain (loss)—investments 28,152 Legal proceedings (4,828) Income before income taxes per Condensed Consolidated Statements of Operations $ 218,794 (1) Administrative expense is not allocated to insurance segments. (2) Legal proceedings.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The accompanying consolidated financial statements of Globe Life have been prepared in accordance with the instructions to Form 10-Q. Therefore, they do not include all of the disclosures required by accounting principles generally accepted in the United States of America (GAAP) for annual financial statements. However, in the opinion of management, these statements include all adjustments, consisting of normal recurring adjustments, which are necessary for a fair presentation of the consolidated financial position at March 31, 2022, and the consolidated results of operations, comprehensive income, and cash flows for the periods ended March 31, 2022 and 2021. The interim period consolidated financial statements should be read in conjunction with the Consolidated Financial Statements that are included in the Form 10-K filed with the Securities Exchange Commission (SEC) on February 24, 2022.
Use of Estimates	Use of Estimates : The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. See further documentation in the significant accounting policies or the accompanying notes.
New Accounting Pronouncements	Accounting Pronouncements Yet to be Adopted Standard Description Effective Date Effect on the Consolidated Financial Statements ASU No. 2018-12/2019-09/2020-11 , Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, with clarification guidance issued in November 2019 and 2020. ASU 2018-12 is a significant change to our current accounting and disclosure of long-duration contracts, which is our primary business. The guidance was primarily issued to: 1) improve the timeliness of recognizing changes in the liability for future policy benefits and modify the rate used to discount future cash flows, 2) simplify and improve the accounting for certain market-based options or guarantees associated with deposit (or account balance) contracts, 3) simplify the amortization of deferred acquisition costs, and 4) improve the effectiveness of the required disclosures. On an annual basis, the Company will be required to update cash flow assumptions such as mortality, morbidity, and persistency, which are recorded in net income. On a quarterly basis, the future policy benefits will be remeasured utilizing an upper-medium grade fixed income instrument yield and the effects of the change will be recognized in accumulated other comprehensive income (AOCI). As a result of the issuance of ASU 2020-11 in November 2020, the effective date for this standard was changed to January 1, 2023. Early adoption is available. The Company does not expect to early adopt ASU 2018-12 and has selected a modified retrospective transition method upon adoption as of the transition date of January 1, 2021. Due to the overall nature of this standard, the impact on the consolidated financial statements is expected to be significant. At the transition date, the Company expects a significant decrease in accumulated other comprehensive income due to the requirement to re-measure policy liabilities using an interest rate currently lower than what is used in valuing the policy liabilities under existing guidance. In addition, the new guidance requires the removal of interest on our DAC asset and changes the related amortization of the asset. These changes are expected to result in a significant reduction to DAC amortization in the near to intermediate term. While the requirements of the new guidance represent a significant change from existing GAAP, the new guidance will not impact capital and surplus or net income under statutory accounting practices, cash flows on our policies, or the underlying economics of our business. Significant progress has been made by the Company in order to timely adopt the new guidance, including validating computations, establishing proper controls, finalizing accounting policies, and preparing financial disclosures. The Company anticipates providing quantitative estimates of the impact of adoption of the ASU later this year once we have properly tested our models and assumptions and determined the appropriate discount rates.

New Accounting Standards (Table

New Accounting Standards (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Impact of New Accounting Pronouncements	Accounting Pronouncements Yet to be Adopted Standard Description Effective Date Effect on the Consolidated Financial Statements ASU No. 2018-12/2019-09/2020-11 , Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, with clarification guidance issued in November 2019 and 2020. ASU 2018-12 is a significant change to our current accounting and disclosure of long-duration contracts, which is our primary business. The guidance was primarily issued to: 1) improve the timeliness of recognizing changes in the liability for future policy benefits and modify the rate used to discount future cash flows, 2) simplify and improve the accounting for certain market-based options or guarantees associated with deposit (or account balance) contracts, 3) simplify the amortization of deferred acquisition costs, and 4) improve the effectiveness of the required disclosures. On an annual basis, the Company will be required to update cash flow assumptions such as mortality, morbidity, and persistency, which are recorded in net income. On a quarterly basis, the future policy benefits will be remeasured utilizing an upper-medium grade fixed income instrument yield and the effects of the change will be recognized in accumulated other comprehensive income (AOCI). As a result of the issuance of ASU 2020-11 in November 2020, the effective date for this standard was changed to January 1, 2023. Early adoption is available. The Company does not expect to early adopt ASU 2018-12 and has selected a modified retrospective transition method upon adoption as of the transition date of January 1, 2021. Due to the overall nature of this standard, the impact on the consolidated financial statements is expected to be significant. At the transition date, the Company expects a significant decrease in accumulated other comprehensive income due to the requirement to re-measure policy liabilities using an interest rate currently lower than what is used in valuing the policy liabilities under existing guidance. In addition, the new guidance requires the removal of interest on our DAC asset and changes the related amortization of the asset. These changes are expected to result in a significant reduction to DAC amortization in the near to intermediate term. While the requirements of the new guidance represent a significant change from existing GAAP, the new guidance will not impact capital and surplus or net income under statutory accounting practices, cash flows on our policies, or the underlying economics of our business. Significant progress has been made by the Company in order to timely adopt the new guidance, including validating computations, establishing proper controls, finalizing accounting policies, and preparing financial disclosures. The Company anticipates providing quantitative estimates of the impact of adoption of the ASU later this year once we have properly tested our models and assumptions and determined the appropriate discount rates.

Supplemental Information Abou_2

Supplemental Information About Changes to Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Change in Balance by Component of Accumulated Other Comprehensive Income	An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for the three month periods ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 Available Deferred Foreign Pension Total Balance at January 1, 2022 $ 2,765,290 $ (3,418) $ 19,387 $ (103,676) $ 2,677,583 Other comprehensive income (loss) before reclassifications, net of tax (1,811,185) 297 3,269 — (1,807,619) Reclassifications, net of tax (3,184) — — 2,715 (469) Other comprehensive income (loss) (1,814,369) 297 3,269 2,715 (1,808,088) Balance at March 31, 2022 $ 950,921 $ (3,121) $ 22,656 $ (100,961) $ 869,495 Three Months Ended March 31, 2021 Available Deferred Foreign Pension Total Balance at January 1, 2021 $ 3,175,572 $ (4,704) $ 23,302 $ (164,926) $ 3,029,244 Other comprehensive income (loss) before reclassifications, net of tax (995,098) 284 (482) — (995,296) Reclassifications, net of tax (13,542) — — 4,109 (9,433) Other comprehensive income (loss) (1,008,640) 284 (482) 4,109 (1,004,729) Balance at March 31, 2021 $ 2,166,932 $ (4,420) $ 22,820 $ (160,817) $ 2,024,515
Summary of Reclassifications Out of Accumulated Other Comprehensive Income	Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three month periods ended March 31, 2022 and 2021. Three Months Ended March 31, Affected line items in the Statement of Operations Component Line Item 2022 2021 Unrealized investment (gains) losses on available for sale assets: Realized (gains) losses $ (4,937) $ (18,790) Realized (gains) losses Amortization of (discount) premium 907 1,648 Net investment income Total before tax (4,030) (17,142) Tax 846 3,600 Income taxes Total after-tax (3,184) (13,542) Pension adjustments: Amortization of prior service cost 158 158 Other operating expense Amortization of actuarial (gain) loss 3,279 5,042 Other operating expense Total before tax 3,437 5,200 Tax (722) (1,091) Income taxes Total after-tax 2,715 4,109 Total reclassification (after-tax) $ (469) $ (9,433)

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Summary of Fixed Maturities and Equity Securities Available for Sale by Component	Summaries of fixed maturities available for sale by amortized cost, fair value, and allowance for credit losses at March 31, 2022 and December 31, 2021, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows. Redeemable preferred stock is included within "Corporates, by sector." At March 31, 2022 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 378,985 $ — $ 23,462 $ (717) $ 401,730 2 States, municipalities, and political subdivisions 2,398,188 — 106,675 (195,127) 2,309,736 12 Foreign governments 60,836 — 469 (8,275) 53,030 — Corporates, by sector: Financial 4,656,368 — 419,779 (83,808) 4,992,339 26 Utilities 1,913,100 — 251,695 (10,273) 2,154,522 11 Energy 1,586,815 — 178,334 (19,601) 1,745,548 9 Other corporate sectors 6,843,681 — 608,394 (90,200) 7,361,875 39 Total corporates 14,999,964 — 1,458,202 (203,882) 16,254,284 85 Collateralized debt obligations 36,310 — 23,228 — 59,538 — Other asset-backed securities 101,127 — 491 (829) 100,789 1 Total fixed maturities $ 17,975,410 $ — $ 1,612,527 $ (408,830) $ 19,179,107 100 (1) Amount reported in the balance sheet. (2) At fair value. At December 31, 2021 Amortized Allowance for Credit Losses Gross Gross Fair Value (1) % of Total Fixed Maturities (2) Fixed maturities available for sale: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 383,083 $ — $ 64,513 $ (164) $ 447,432 2 States, municipalities, and political subdivisions 2,252,997 — 239,135 (2,907) 2,489,225 12 Foreign governments 59,861 — 900 (5,132) 55,629 — Corporates, by sector: Financial 4,569,160 (387) 907,741 (9,349) 5,467,165 26 Utilities 1,931,391 — 490,119 (1,012) 2,420,498 11 Energy 1,587,892 — 346,780 (1,683) 1,932,989 9 Other corporate sectors 6,879,459 — 1,454,464 (13,362) 8,320,561 39 Total corporates 14,967,902 (387) 3,199,104 (25,406) 18,141,213 85 Collateralized debt obligations 36,468 — 27,037 — 63,505 — Other asset-backed securities 104,998 — 3,715 (430) 108,283 1 Total fixed maturities $ 17,805,309 $ (387) $ 3,534,404 $ (34,039) $ 21,305,287 100 (1) Amount reported in the balance sheet. (2) At fair value.
Schedule of Fixed Maturities by Contractual Maturity	A schedule of fixed maturities available for sale by contractual maturity date at March 31, 2022, is shown below on an amortized cost basis, net of allowance for credit losses, and on a fair value basis. Actual disposition dates could differ from contractual maturities due to call or prepayment provisions. At March 31, 2022 Amortized Fair Fixed maturities available for sale: Due in one year or less $ 112,714 $ 114,802 Due after one year through five years 989,010 1,050,870 Due after five years through ten years 1,723,492 1,902,841 Due after ten years through twenty years 7,046,768 7,962,921 Due after twenty years 7,965,869 7,987,219 Mortgage-backed and asset-backed securities 137,557 160,454 $ 17,975,410 $ 19,179,107
Schedule of Analysis of Investment Operations	"Net investment income" for the three month periods ended March 31, 2022 and 2021 is summarized as follows: Three Months Ended 2022 2021 % Change Fixed maturities available for sale $ 225,284 $ 221,719 2 Policy loans 11,428 11,268 1 Other long-term investments (1) 12,713 8,162 56 Short-term investments 2 4 (50) 249,427 241,153 3 Less investment expense (5,593) (5,333) 5 Net investment income $ 243,834 $ 235,820 3 (1) For the three months ended March 31, 2022 and 2021, the investment funds, accounted for under the fair value option method, recorded $10.7 million and $5.8 million of distributions, respectively in net investment income. Refer to Other Long-Term Investments below for further discussion on the investment funds.
Realized Gains (Losses) on Investments	Selected information about sales of fixed maturities available for sale is as follows: Three Months Ended 2022 2021 Fixed maturities available for sale: Proceeds from sales (1) $ 75,116 $ 61,858 Gross realized gains 773 1,134 Gross realized losses (3,679) (12,019) (1) There were no unsettled sales in the periods ended March 31, 2022 and 2021. An analysis of "Realized gains (losses)" is as follows: Three Months Ended 2022 2021 Realized investment gains (losses): Fixed maturities available for sale: Sales and other (1) $ 4,549 $ 15,444 Provision for credit losses 387 3,346 Fair value option—change in fair value (5,338) 9,885 Other investments (6,842) (523) Realized gains (losses) from investments (7,244) 28,152 Applicable tax 1,521 (5,912) Realized gains (losses), net of tax $ (5,723) $ 22,240 (1) During the three months ended March 31, 2022 and 2021, the Company recorded $0 and $85.8 million of exchanges of fixed maturities (noncash transactions) that resulted in $0 and $25.2 million, respectively in realized gains (losses).
Fair Value of Fixed Maturities Measured on a Recurring Basis	The following tables represent the fair value of fixed maturities measured on a recurring basis at March 31, 2022 and December 31, 2021: Fair Value Measurement at March 31, 2022 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 401,730 $ — $ 401,730 States, municipalities, and political subdivisions — 2,309,736 — 2,309,736 Foreign governments — 53,030 — 53,030 Corporates, by sector: Financial — 4,835,986 156,353 4,992,339 Utilities — 2,027,154 127,368 2,154,522 Energy — 1,732,407 13,141 1,745,548 Other corporate sectors — 7,072,767 289,108 7,361,875 Total corporates — 15,668,314 585,970 16,254,284 Collateralized debt obligations — — 59,538 59,538 Other asset-backed securities — 100,789 — 100,789 Total fixed maturities $ — $ 18,533,599 $ 645,508 $ 19,179,107 Percentage of total — % 97 % 3 % 100 % Fair Value Measurement at December 31, 2021 Using: Quoted Prices in Significant Other Significant Total Fair Fixed maturities available for sale U.S. Government direct, guaranteed, and government-sponsored enterprises $ — $ 447,432 $ — $ 447,432 States, municipalities, and political subdivisions — 2,489,225 — 2,489,225 Foreign governments — 55,629 — 55,629 Corporates, by sector: Financial — 5,303,547 163,618 5,467,165 Utilities — 2,266,231 154,267 2,420,498 Energy — 1,919,416 13,573 1,932,989 Other corporate sectors — 8,010,331 310,230 8,320,561 Total corporates — 17,499,525 641,688 18,141,213 Collateralized debt obligations — — 63,505 63,505 Other asset-backed securities — 108,283 — 108,283 Total fixed maturities $ — $ 20,600,094 $ 705,193 $ 21,305,287 Percentage of total — % 97 % 3 % 100 %
Fair Value, Assets Measured on Recurring Basis Using Significant Unobservable Inputs	The following tables represent changes in fixed maturities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2022 $ — $ 63,505 $ 641,688 $ 705,193 Included in realized gains / losses — — — — Included in other comprehensive income — (3,809) (36,360) (40,169) Acquisitions — — — — Sales — — — — Amortization — 1,123 1 1,124 Other (1) — (1,281) (19,359) (20,640) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2022 $ — $ 59,538 $ 585,970 $ 645,508 Percent of total fixed maturities — % — % 3 % 3 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Asset- backed Securities Collateralized Corporates Total Balance at January 1, 2021 $ 12,870 $ 71,598 $ 714,505 $ 798,973 Included in realized gains / losses — (6,787) — (6,787) Included in other comprehensive income (1,261) 9,900 (24,135) (15,496) Acquisitions — — — — Sales — (13,213) — (13,213) Amortization — 1,140 2 1,142 Other (1) — (1,337) (2,028) (3,365) Transfers into Level 3 (2) — — — — Transfers out of Level 3 (2) — — — — Balance at March 31, 2021 $ 11,609 $ 61,301 $ 688,344 $ 761,254 Percent of total fixed maturities — % 1 % 3 % 4 % (1) Includes capitalized interest, foreign exchange adjustments, and principal repayments. (2) Considered to be transferred at the end of the period. Transfers into Level 3 occur when observable inputs are no longer available. Transfers out of Level 3 occur when observable inputs become available. The following table presents changes in unrealized gains or (losses) for the period included in other comprehensive income for assets held at the end of the reporting period for Level 3s: Changes in Unrealized Gains (Losses) included in Other Comprehensive Income for Assets Held at the End of the Period Asset- Collateralized Corporates Total At March 31, 2022 $ — $ (3,809) $ (36,360) $ (40,169) At March 31, 2021 (1,261) 9,900 (24,135) (15,496)
Schedule of Additional Information about Investments in Unrealized Loss Position	The following table discloses information about fixed maturities available for sale in an unrealized loss position. Less than Twelve Months Twelve Months or Longer Total Number of issues (CUSIPs) held: As of March 31, 2022 915 54 969 As of December 31, 2021 138 42 180
Schedule of Unrealized Investment Losses by Class of Investment	The following tables disclose unrealized investment losses by class and major sector of fixed maturities available for sale at March 31, 2022 and December 31, 2021. Analysis of Gross Unrealized Investment Losses At March 31, 2022 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 27,111 $ (271) $ 3,591 $ (446) $ 30,702 $ (717) States, municipalities and political subdivisions 1,308,081 (193,624) 4,630 (1,503) 1,312,711 (195,127) Foreign governments 7,738 (959) 25,506 (7,316) 33,244 (8,275) Corporates, by sector: Financial 889,046 (62,791) 54,507 (8,343) 943,553 (71,134) Utilities 257,824 (8,762) 4,736 (1,106) 262,560 (9,868) Energy 236,413 (13,801) — — 236,413 (13,801) Other corporate sectors 1,003,128 (65,334) 64,580 (14,433) 1,067,708 (79,767) Total corporates 2,386,411 (150,688) 123,823 (23,882) 2,510,234 (174,570) Collateralized debt obligations — — — — — — Other asset-backed securities 44,651 (569) — — 44,651 (569) Total investment grade securities 3,773,992 (346,111) 157,550 (33,147) 3,931,542 (379,258) Below investment grade securities: States, municipalities and political subdivisions — — — — — — Corporates, by sector: Financial 56,133 (4,293) 54,149 (8,381) 110,282 (12,674) Utilities 14,690 (405) — — 14,690 (405) Energy 26,871 (718) 22,996 (5,082) 49,867 (5,800) Other corporate sectors 41,377 (2,624) 24,854 (7,809) 66,231 (10,433) Total corporates 139,071 (8,040) 101,999 (21,272) 241,070 (29,312) Collateralized debt obligations — — — — — — Other asset-backed securities — — 13,102 (260) 13,102 (260) Total below investment grade securities 139,071 (8,040) 115,101 (21,532) 254,172 (29,572) Total fixed maturities $ 3,913,063 $ (354,151) $ 272,651 $ (54,679) $ 4,185,714 $ (408,830) Analysis of Gross Unrealized Investment Losses At December 31, 2021 Less than Twelve Months Twelve Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities available for sale: Investment grade securities: U.S. Government direct, guaranteed, and government-sponsored enterprises $ 118 $ (1) $ 3,867 $ (163) $ 3,985 $ (164) States, municipalities and political subdivisions 141,310 (2,824) 2,436 (83) 143,746 (2,907) Foreign governments 12,567 (561) 23,144 (4,571) 35,711 (5,132) Corporates, by sector: Financial 133,654 (1,507) 52,864 (1,932) 186,518 (3,439) Utilities 25,447 (692) 2,372 (320) 27,819 (1,012) Energy 6,519 (238) — — 6,519 (238) Other corporate sectors 115,444 (3,566) 40,249 (3,670) 155,693 (7,236) Total corporates 281,064 (6,003) 95,485 (5,922) 376,549 (11,925) Collateralized debt obligations — — — — — — Other asset-backed securities 10,489 (16) 1 — 10,490 (16) Total investment grade securities 445,548 (9,405) 124,933 (10,739) 570,481 (20,144) Below investment grade securities: States, municipalities and political subdivisions — — — — — — Corporates, by sector: Financial 15,695 (272) 56,897 (5,638) 72,592 (5,910) Utilities — — — — — — Energy — — 26,639 (1,445) 26,639 (1,445) Other corporate sectors 700 (11) 26,581 (6,115) 27,281 (6,126) Total corporates 16,395 (283) 110,117 (13,198) 126,512 (13,481) Collateralized debt obligations — — — — — — Other asset-backed securities — — 13,043 (414) 13,043 (414) Total below investment grade securities 16,395 (283) 123,160 (13,612) 139,555 (13,895) Total fixed maturities $ 461,943 $ (9,688) $ 248,093 $ (24,351) $ 710,036 $ (34,039)
Fixed Maturities, Allowance for Credit Loss	A summary of the activity in the allowance for credit losses is as follows. Three Months Ended 2022 2021 Allowance for credit losses beginning balance $ 387 $ 3,346 Additions to allowance for which credit losses were not previously recorded — — Additions (reductions) to allowance for fixed maturities that previously had an allowance — — Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period (387) (3,346) Allowance for credit losses ending balance $ — $ —
Other Long-Term Investments	Other long-term investments consist of the following assets: March 31, December 31, 2021 Investment funds $ 732,360 $ 640,263 Commercial mortgage loan participations 144,074 141,843 Other 13,335 11,819 Total $ 889,769 $ 793,925
Schedule of Investment Funds	The following table presents additional information about the Company's investment funds as of March 31, 2022 and December 31, 2021 at fair value: Fair Value Unfunded Commitments Investment Category March 31, December 31, 2021 March 31, Redemption Term/Notice Commercial mortgage loans $ 409,918 $ 423,776 $ 254,876 Fully redeemable and non-redeemable with varying terms. Opportunistic credit 173,058 178,215 — Initial 2 year lock on each new investment/semi-annual withdrawals thereafter/full redemption within 36 month period. Other 149,384 38,272 103,264 Fully redeemable with varying terms and non-redeemable. Total investment funds $ 732,360 $ 640,263 $ 358,140
Summary of Commercial Mortgage Loan Participations	Summaries of commercial mortgage loans by property type and geographical location at March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 Carrying Value % of Total Carrying Value % of Total Property type: Mixed use $ 60,396 42 $ 57,996 41 Hospitality 23,161 16 23,186 16 Retail 19,860 14 19,811 14 Industrial 17,900 13 17,900 13 Multi-family 14,770 10 14,872 11 Office 8,814 6 8,905 6 Total recorded investment 144,901 101 142,670 101 Less allowance for credit losses (827) (1) (827) (1) Carrying value, net of allowance for credit losses $ 144,074 100 $ 141,843 100 March 31, 2022 December 31, 2021 Carrying Value % of Total Carrying Value % of Total Geographic location: California $ 69,167 48 $ 67,659 48 New York 18,551 13 18,373 13 Pennsylvania 11,673 8 11,673 8 Indiana 9,717 7 9,717 7 Florida 8,246 6 8,213 6 Texas 5,960 4 5,898 4 Other 21,587 15 21,137 15 Total recorded investment 144,901 101 142,670 101 Less allowance for credit losses (827) (1) (827) (1) Carrying value, net of allowance for credit losses $ 144,074 100 $ 141,843 100
Commercial Loan Participations, Credit Quality Indicators	The following tables are reflective of Management's internal risk ratings of the loan portfolio. Loans are rated low, moderate, and high. The risk categories consider many different factors such as quality of asset, borrower status, as well as macroeconomic factors including COVID-19. These loans, originated in 2017 to 2020, are transitional or under construction and may not yet be income producing. Certain ratios, such as loan to value and debt service coverage ratios, may not be evaluated as the value of the underlying transitional property significantly fluctuates based on completion of the project. Net Book Value of Commercial Mortgage Loans Receivable by Year of Origination As of March 31, 2022 Risk Rating: Number of Loans 2022 2021 2020 2019 2018 2017 Total Low 14 $ — $ — $ 25,045 $ 12,509 $ 41,151 $ 35,851 $ 114,556 Moderate 6 — — 1,297 17,434 — — 18,731 High 2 — — — 4,597 7,017 — 11,614 Total commercial mortgage loans 22 $ — $ — $ 26,342 $ 34,540 $ 48,168 $ 35,851 144,901 Less allowance for credit losses on the investment pool (827) Less allowance for credit losses on individual loans — Carrying value, net of valuation allowance $ 144,074 Net Book Value of Commercial Mortgage Loans Receivable by Year of Origination As of December 31, 2021 Risk Rating: Number of Loans 2021 2020 2019 2018 2017 Total Low 14 $ — $ 23,636 $ 11,925 $ 41,209 $ 35,729 $ 112,499 Moderate 6 — 1,400 17,173 — — 18,573 High 2 — — 4,593 7,005 — 11,598 Total commercial mortgage loans 22 $ — $ 25,036 $ 33,691 $ 48,214 $ 35,729 142,670 Less allowance for credit losses on the investment pool (827) Less allowance for credit losses on individual loans — Carrying value, net of valuation allowance $ 141,843
Commercial Loan Participations, Allowance for Credit Loss	Three Months Ended 2022 2021 Allowance for credit losses beginning balance $ 827 $ 3,505 Provision (reversal) for credit losses — (1,358) Allowance for credit losses ending balance $ 827 $ 2,147

Liability for Unpaid Claims (Ta

Liability for Unpaid Claims (Tables)	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
Summary of Liability for Unpaid Health Claims	Activity in the liability for unpaid health claims is summarized as follows: March 31, December 31, Balance at beginning of period $ 167,832 $ 162,261 Incurred related to: Current year 176,953 638,054 Prior year (12,008) (22,477) Total incurred 164,945 615,577 Paid related to: Current year 70,775 487,096 Prior year 89,235 122,910 Total paid 160,010 610,006 Balance at end of period $ 172,767 $ 167,832
Reconciliation of Policy Claims and Other Benefits Payable	Below is the reconciliation of the liability of " Policy claims and other benefits payable" in the Condensed Consolidated Balance Sheets . March 31, December 31, Policy claims and other benefits payable: Life insurance $ 260,786 $ 245,108 Health insurance 172,767 167,832 Total $ 433,553 $ 412,940

Postretirement Benefits (Tables

Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Pension Assets by Component at Fair Value	Pension Assets by Component at March 31, 2022 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % to Total Corporate bonds: Financial $ — $ 47,184 $ — $ 47,184 8 Utilities — 39,148 — 39,148 7 Energy — 20,916 — 20,916 4 Other corporates — 79,311 — 79,311 14 Total corporate bonds — 186,559 — 186,559 33 Exchange traded fund (1) 300,244 — — 300,244 55 Other bonds — 223 — 223 — Guaranteed annuity contract (2) — 34,863 — 34,863 6 Short-term investments 12,075 — — 12,075 2 Other 8,192 — — 8,192 1 $ 320,511 $ 221,645 $ — 542,156 97 Other long-term investments (3) 15,545 3 Total pension assets $ 557,701 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Non-Exempt Employees Defined Benefit Pension Plan ("American Income Pension Plan"). (3) Included in other long-term investments is an investment fund that reports the Globe Life Inc. Pension Plan's pro-rata share of the limited partnership's net asset value per share or its equivalent (NAV), as a practical expedient for fair value. The Globe Life Inc. Pension Plan owns less than 1% of the investment fund. As of March 31, 2022, the expected term of the investment fund is approximately 3 years and the commitment of the investment is fully funded. The investment is non-redeemable. Pension Assets by Component at December 31, 2021 Fair Value Determined by: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Amount % to Total Corporate bonds: Financial $ — $ 52,522 $ — $ 52,522 9 Utilities — 43,663 — 43,663 7 Energy — 22,719 — 22,719 4 Other corporates — 88,673 — 88,673 15 Total corporate bonds — 207,577 — 207,577 35 Exchange traded fund (1) 315,720 — — 315,720 52 Other bonds — 239 — 239 — Guaranteed annuity contract (2) — 34,743 — 34,743 6 Short-term investments 13,731 — — 13,731 2 Other 10,388 — — 10,388 2 $ 339,839 $ 242,559 $ — 582,398 97 Other long-term investments (3) 15,149 3 Total pension assets $ 597,547 100 (1) A fund including marketable securities that mirror the S&P 500 index. (2) Representing a guaranteed annuity contract issued by Globe Life Inc.'s subsidiary, American Income Life Insurance Company, to fund the obligations of the American Income Life Insurance Company Non-Exempt Employees Defined Benefit Pension Plan ("American Income Pension Plan").
Information Regarding the SERP	The following table includes information regarding the SERP. Three Months Ended 2022 2021 Premiums paid for insurance coverage $ 443 $ 443 March 31, December 31, Total investments: Company owned life insurance $ 53,572 $ 52,791 Exchange traded funds 80,685 87,133 $ 134,257 $ 139,924
Pension Liability	The following table presents liabilities for the defined benefit pension plans and SERP at March 31, 2022 and December 31, 2021. March 31, December 31, Pension Plans $ 651,861 $ 686,917 SERP 91,725 92,017 Pension benefit obligation $ 743,586 $ 778,934
Net Periodic Benefit Cost	The following table presents the net periodic benefit costs for the Pension Plans and SERP by expense components for the three months ended March 31, 2022 and 2021. Components of Net Periodic Benefit Cost Three Months Ended 2022 2021 Service cost $ 8,655 $ 7,918 Interest cost 6,123 5,467 Expected return on assets (8,885) (8,083) Amortization: Prior service cost 158 158 Actuarial (gain) loss 3,209 4,985 Net periodic benefit cost $ 9,260 $ 10,445

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Weighted-Average Shares Outstanding	A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows: Three Months Ended 2022 2021 Basic weighted average shares outstanding 99,273,616 103,482,944 Weighted average dilutive options outstanding 976,758 1,354,773 Diluted weighted average shares outstanding 100,250,374 104,837,717 Antidilutive shares 563,991 1,836,559

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Selected Information about Debt Issues	The following table presents information about the terms and outstanding balances of Globe Life's debt. Selected Information about Debt Issues As of March 31, December 31, Instrument Issue Date Maturity Date Coupon Rate Par Unamortized Discount & Issuance Costs Book Fair Book Senior notes 5/27/1993 5/15/2023 7.875% $ 165,612 $ (327) $ 165,285 $ 174,991 $ 165,216 Senior notes (1) 9/24/2012 9/15/2022 3.800% 150,000 (161) 149,839 151,500 149,752 Senior notes 9/27/2018 9/15/2028 4.550% 550,000 (4,888) 545,112 576,906 544,949 Senior notes 8/21/2020 8/15/2030 2.150% 400,000 (4,111) 395,889 358,344 395,778 Junior subordinated debentures 11/17/2017 11/17/2057 5.275% 125,000 (1,601) 123,399 127,150 123,396 Junior subordinated debentures 6/14/2021 6/15/2061 4.250% 325,000 (7,827) 317,173 288,340 317,155 1,715,612 (18,915) 1,696,697 1,677,231 1,696,246 Less current maturity of long-term debt (1) 150,000 (161) 149,839 151,500 149,752 Total long-term debt 1,565,612 (18,754) 1,546,858 1,525,731 1,546,494 Current maturity of long-term debt (1) 150,000 (161) 149,839 151,500 149,752 Commercial paper 372,524 (284) 372,240 372,240 329,892 Total short-term debt 522,524 (445) 522,079 523,740 479,644 Total debt $ 2,088,136 $ (19,199) $ 2,068,937 $ 2,049,471 $ 2,026,138

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Premium Income by Distribution Channel	Premium Income by Distribution Channel Three Months Ended March 31, 2022 Life Health Annuity Total Distribution Channel Amount % of Amount % of Amount % of Amount % of American Income $ 369,987 49 $ 28,854 9 $ — — $ 398,841 37 Direct to Consumer 251,126 33 18,756 6 — — 269,882 25 Liberty National 80,719 11 47,186 15 — — 127,905 12 United American 2,059 — 132,664 42 — — 134,723 13 Family Heritage 1,369 — 89,540 28 — — 90,909 8 Other 49,342 7 — — — — 49,342 5 $ 754,602 100 $ 317,000 100 $ — — $ 1,071,602 100 Three Months Ended March 31, 2021 Life Health Annuity Total Distribution Channel Amount % of Total Amount % of Total Amount % of Total Amount % of Total American Income $ 334,895 47 $ 27,351 9 $ — — $ 362,246 36 Direct to Consumer 244,028 35 19,360 7 — — 263,388 26 Liberty National 75,737 11 47,040 16 — — 122,777 12 United American 2,277 — 117,087 40 1 100 119,365 12 Family Heritage 1,118 — 83,335 28 — — 84,453 9 Other 50,064 7 — — — — 50,064 5 $ 708,119 100 $ 294,173 100 $ 1 100 $ 1,002,293 100
Reconciliation of Segment Operating Information to Consolidated Statement of Operations	The following tables set forth a reconciliation of Globe Life's revenues and operations by segment to its major income statement line items. See Note—1 Significant Accounting Policies for additional information concerning reconciling items of segment profits to pretax income. Three Months Ended March 31, 2022 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 754,602 $ 317,000 $ — $ — $ — $ — $ 1,071,602 Net investment income — — — 243,834 — — 243,834 Other income — — — — 164 — 164 Total revenue 754,602 317,000 — 243,834 164 — 1,315,600 Expenses: Policy obligations 549,343 196,855 7,050 — — — 753,248 Required interest on reserves (189,709) (26,865) (9,672) 226,246 — — — Required interest on DAC 56,232 7,463 53 (63,748) — — — Amortization of acquisition costs 126,079 31,852 453 — — — 158,384 Commissions, premium taxes, and non-deferred acquisition costs 62,203 28,602 8 — — — 90,813 Insurance administrative expense (1) — — — — 72,565 112 (2) 72,677 Parent expense — — — — 2,640 — 2,640 Stock-based compensation expense — — — — 9,035 — 9,035 Interest expense — — — 19,944 — — 19,944 Total expenses 604,148 237,907 (2,108) 182,442 84,240 112 1,106,741 Subtotal 150,454 79,093 2,108 61,392 (84,076) (112) 208,859 Non-operating items — — — — — 112 (2) 112 Measure of segment profitability (pretax) $ 150,454 $ 79,093 $ 2,108 $ 61,392 $ (84,076) $ — 208,971 Realized gain (loss)—investments (7,244) Non-operating expenses (112) Income before income taxes per Condensed Consolidated Statements of Operations $ 201,615 (1) Administrative expense is not allocated to insurance segments. (2) Non-operating expenses. Three Months Ended March 31, 2021 Life Health Annuity Investment Corporate & Other Adjustments Consolidated Revenue: Premium $ 708,119 $ 294,173 $ 1 $ — $ — $ — $ 1,002,293 Net investment income — — — 235,820 — — 235,820 Other income — — — — 295 — 295 Total revenue 708,119 294,173 1 235,820 295 — 1,238,408 Expenses: Policy obligations 517,631 187,829 7,259 — — — 712,719 Required interest on reserves (179,925) (24,995) (10,005) 214,925 — — — Required interest on DAC 53,795 6,962 70 (60,827) — — — Amortization of acquisition costs 123,304 29,207 482 — — — 152,993 Commissions, premium taxes, and non-deferred acquisition costs 56,668 22,990 8 — — — 79,666 Insurance administrative expense (1) — — — — 66,176 4,828 (2) 71,004 Parent expense — — — — 2,318 — 2,318 Stock-based compensation expense — — — — 7,888 — 7,888 Interest expense — — — 21,178 — — 21,178 Total expenses 571,473 221,993 (2,186) 175,276 76,382 4,828 1,047,766 Subtotal 136,646 72,180 2,187 60,544 (76,087) (4,828) 190,642 Non-operating items — — — — — 4,828 (2) 4,828 Measure of segment profitability (pretax) $ 136,646 $ 72,180 $ 2,187 $ 60,544 $ (76,087) $ — 195,470 Realized gain (loss)—investments 28,152 Legal proceedings (4,828) Income before income taxes per Condensed Consolidated Statements of Operations $ 218,794 (1) Administrative expense is not allocated to insurance segments. (2) Legal proceedings.

Significant Accounting Polici_3

Significant Accounting Policies - Business (Details)	3 Months Ended
	Mar. 31, 2022segment
Accounting Policies [Abstract]
Number of reportable segments	4

Supplemental Information abou_3

Supplemental Information about Changes to Accumulated Other Comprehensive Income - Schedule of Change in Balance by Component (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	$ 8,642,806	$ 8,771,092
Other comprehensive income (loss) before reclassifications, net of tax	(1,807,619)	(995,296)
Reclassifications, net of tax	(469)	(9,433)
Other comprehensive income (loss)	(1,808,088)	(1,004,729)
Ending balance	6,894,020	7,832,337
Total
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	2,677,583	3,029,244
Ending balance	869,495	2,024,515
Available for Sale Assets
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	2,765,290	3,175,572
Other comprehensive income (loss) before reclassifications, net of tax	(1,811,185)	(995,098)
Reclassifications, net of tax	(3,184)	(13,542)
Other comprehensive income (loss)	(1,814,369)	(1,008,640)
Ending balance	950,921	2,166,932
Deferred Acquisition Costs
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(3,418)	(4,704)
Other comprehensive income (loss) before reclassifications, net of tax	297	284
Reclassifications, net of tax	0	0
Other comprehensive income (loss)	297	284
Ending balance	(3,121)	(4,420)
Foreign Exchange
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	19,387	23,302
Other comprehensive income (loss) before reclassifications, net of tax	3,269	(482)
Reclassifications, net of tax	0	0
Other comprehensive income (loss)	3,269	(482)
Ending balance	22,656	22,820
Pension Adjustments
Increase (Decrease) in AOCI, Net of Tax
Beginning balance	(103,676)	(164,926)
Other comprehensive income (loss) before reclassifications, net of tax	0	0
Reclassifications, net of tax	2,715	4,109
Other comprehensive income (loss)	2,715	4,109
Ending balance	$ (100,961)	$ (160,817)

Supplemental Information abou_4

Supplemental Information about Changes to Accumulated Other Comprehensive Income - Summary of Reclassifications (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	$ 7,244	$ (28,152)
Net investment income	(243,834)	(235,820)
Total before tax	(201,615)	(218,794)
Tax	37,254	40,277
Total after-tax	(164,361)	(178,517)
Other operating expense	84,352	81,210
Reclassification out of Accumulated Other Comprehensive Income
Unrealized investment (gains) losses on available for sale assets:
Total after-tax	(469)	(9,433)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Available for Sale Assets
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	(4,937)	(18,790)
Net investment income	907	1,648
Total before tax	(4,030)	(17,142)
Tax	846	3,600
Total after-tax	(3,184)	(13,542)
Reclassification out of Accumulated Other Comprehensive Income | Pension Adjustments
Unrealized investment (gains) losses on available for sale assets:
Total before tax	3,437	5,200
Tax	(722)	(1,091)
Total after-tax	2,715	4,109
Reclassification out of Accumulated Other Comprehensive Income | Amortization of prior service cost
Unrealized investment (gains) losses on available for sale assets:
Other operating expense	158	158
Reclassification out of Accumulated Other Comprehensive Income | Amortization of actuarial (gain) loss
Unrealized investment (gains) losses on available for sale assets:
Other operating expense	$ 3,279	$ 5,042

Investments - Summary of Fixed

Investments - Summary of Fixed Maturities Available for Sale by Component (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 19,179,107	$ 21,305,287
Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	17,975,410	17,805,309
Allowance for Credit Losses	0	(387)
Gross Unrealized Gains	1,612,527	3,534,404
Gross Unrealized Losses	(408,830)	(34,039)
Fair Value	$ 19,179,107	$ 21,305,287
Percentage of Fixed Maturities at Fair Value	100.00%	100.00%
Fixed maturities available for sale | U.S. Government direct, guaranteed, and government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 378,985	$ 383,083
Allowance for Credit Losses	0	0
Gross Unrealized Gains	23,462	64,513
Gross Unrealized Losses	(717)	(164)
Fair Value	$ 401,730	$ 447,432
Percentage of Fixed Maturities at Fair Value	2.00%	2.00%
Fixed maturities available for sale | States, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 2,398,188	$ 2,252,997
Allowance for Credit Losses	0	0
Gross Unrealized Gains	106,675	239,135
Gross Unrealized Losses	(195,127)	(2,907)
Fair Value	$ 2,309,736	$ 2,489,225
Percentage of Fixed Maturities at Fair Value	12.00%	12.00%
Fixed maturities available for sale | Foreign governments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 60,836	$ 59,861
Allowance for Credit Losses	0	0
Gross Unrealized Gains	469	900
Gross Unrealized Losses	(8,275)	(5,132)
Fair Value	$ 53,030	$ 55,629
Percentage of Fixed Maturities at Fair Value	0.00%	0.00%
Fixed maturities available for sale | Corporates
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 14,999,964	$ 14,967,902
Allowance for Credit Losses	0	(387)
Gross Unrealized Gains	1,458,202	3,199,104
Gross Unrealized Losses	(203,882)	(25,406)
Fair Value	$ 16,254,284	$ 18,141,213
Percentage of Fixed Maturities at Fair Value	85.00%	85.00%
Fixed maturities available for sale | Corporates | Financial
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 4,656,368	$ 4,569,160
Allowance for Credit Losses	0	(387)
Gross Unrealized Gains	419,779	907,741
Gross Unrealized Losses	(83,808)	(9,349)
Fair Value	$ 4,992,339	$ 5,467,165
Percentage of Fixed Maturities at Fair Value	26.00%	26.00%
Fixed maturities available for sale | Corporates | Utilities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,913,100	$ 1,931,391
Allowance for Credit Losses	0	0
Gross Unrealized Gains	251,695	490,119
Gross Unrealized Losses	(10,273)	(1,012)
Fair Value	$ 2,154,522	$ 2,420,498
Percentage of Fixed Maturities at Fair Value	11.00%	11.00%
Fixed maturities available for sale | Corporates | Energy
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,586,815	$ 1,587,892
Allowance for Credit Losses	0	0
Gross Unrealized Gains	178,334	346,780
Gross Unrealized Losses	(19,601)	(1,683)
Fair Value	$ 1,745,548	$ 1,932,989
Percentage of Fixed Maturities at Fair Value	9.00%	9.00%
Fixed maturities available for sale | Corporates | Other corporate sectors
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 6,843,681	$ 6,879,459
Allowance for Credit Losses	0	0
Gross Unrealized Gains	608,394	1,454,464
Gross Unrealized Losses	(90,200)	(13,362)
Fair Value	$ 7,361,875	$ 8,320,561
Percentage of Fixed Maturities at Fair Value	39.00%	39.00%
Fixed maturities available for sale | Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 36,310	$ 36,468
Allowance for Credit Losses	0	0
Gross Unrealized Gains	23,228	27,037
Gross Unrealized Losses	0	0
Fair Value	$ 59,538	$ 63,505
Percentage of Fixed Maturities at Fair Value	0.00%	0.00%
Fixed maturities available for sale | Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 101,127	$ 104,998
Allowance for Credit Losses	0	0
Gross Unrealized Gains	491	3,715
Gross Unrealized Losses	(829)	(430)
Fair Value	$ 100,789	$ 108,283
Percentage of Fixed Maturities at Fair Value	1.00%	1.00%

Investments - Schedule of Fixed

Investments - Schedule of Fixed Maturities by Contractual Maturity (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Amortized Cost, net
Due in one year or less	$ 112,714
Due after one year through five years	989,010
Due after five years through ten years	1,723,492
Due after ten years through twenty years	7,046,768
Due after twenty years	7,965,869
Mortgage-backed and asset-backed securities	137,557
Fixed maturities, net of allowance for credit losses	17,975,410
Fair Value
Due in one year or less	114,802
Due after one year through five years	1,050,870
Due after five years through ten years	1,902,841
Due after ten years through twenty years	7,962,921
Due after twenty years	7,987,219
Mortgage-backed and asset-backed securities	160,454
Fixed maturities, fair value	$ 19,179,107

Investments - Schedule of Analy

Investments - Schedule of Analysis of Investment Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Investment Income [Line Items]
Investment income, gross	$ 249,427	$ 241,153
Less investment expense	(5,593)	(5,333)
Net investment income	$ 243,834	235,820
Percentage change in investment income, gross	3.00%
Percentage change in investment expense	5.00%
Percentage change in net investment income	3.00%
Investment distribution	$ 10,700	5,800
Fixed maturities available for sale
Net Investment Income [Line Items]
Investment income, gross	$ 225,284	221,719
Percentage change in investment income, gross	2.00%
Policy loans
Net Investment Income [Line Items]
Investment income, gross	$ 11,428	11,268
Percentage change in investment income, gross	1.00%
Other long-term investments
Net Investment Income [Line Items]
Investment income, gross	$ 12,713	8,162
Percentage change in investment income, gross	56.00%
Short-term investments
Net Investment Income [Line Items]
Investment income, gross	$ 2	$ 4
Percentage change in investment income, gross	(50.00%)

Investments - Schedule of Selec

Investments - Schedule of Selected Information about Sales of Fixed Maturities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	$ 75,116	$ 61,858
Fixed maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	75,116	61,858
Gross realized gains	773	1,134
Gross realized losses	$ (3,679)	$ (12,019)

Investments - Realized Gain (Lo

Investments - Realized Gain (Loss) on Investments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Realized investment gains (losses) - sales and other	$ 4,549	$ 15,444
Provision for credit losses	387	3,346
Fair value option—change in fair value	(5,338)	9,885
Other investments	(6,842)	(523)
Realized gains (losses) from investments	(7,244)	28,152
Applicable tax	1,521	(5,912)
Realized gains (losses), net of tax	(5,723)	22,240
Exchanges of fixed maturities	0	85,800
Exchanges of fixed maturities, net realized gains	$ 0	$ 25,200

Investments - Assets Measured a

Investments - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 19,179,107
Percentage of total	3.00%		4.00%
Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of total	3.00%		3.00%
Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of total	0.00%		1.00%
Fixed maturities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 19,179,107	$ 21,305,287
Percentage of total	100.00%	100.00%
Fixed maturities available for sale | U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 401,730	$ 447,432
Fixed maturities available for sale | States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,309,736	2,489,225
Fixed maturities available for sale | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	53,030	55,629
Fixed maturities available for sale | Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	16,254,284	18,141,213
Fixed maturities available for sale | Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,992,339	5,467,165
Fixed maturities available for sale | Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,154,522	2,420,498
Fixed maturities available for sale | Corporates | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,745,548	1,932,989
Fixed maturities available for sale | Corporates | Other corporate sectors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,361,875	8,320,561
Fixed maturities available for sale | Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	59,538	63,505
Fixed maturities available for sale | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	100,789	108,283
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0
Percentage of total	0.00%	0.00%
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Other corporate sectors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 18,533,599	$ 20,600,094
Percentage of total	97.00%	97.00%
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 401,730	$ 447,432
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,309,736	2,489,225
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	53,030	55,629
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	15,668,314	17,499,525
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,835,986	5,303,547
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,027,154	2,266,231
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Corporates | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,732,407	1,919,416
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Corporates | Other corporate sectors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,072,767	8,010,331
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Significant Other Observable Inputs (Level 2) | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	100,789	108,283
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 645,508	$ 705,193
Percentage of total	3.00%	3.00%
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | U.S. Government direct, guaranteed, and government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | States, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Corporates
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	585,970	641,688
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Corporates | Financial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	156,353	163,618
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Corporates | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	127,368	154,267
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Corporates | Energy
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	13,141	13,573
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Corporates | Other corporate sectors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	289,108	310,230
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Collateralized debt obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	59,538	63,505
Fixed maturities available for sale | Significant Unobservable Inputs (Level 3) | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

Investments - Schedule of Chang

Investments - Schedule of Changes in Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 705,193	$ 798,973
Included in realized gains/losses	0	(6,787)
Included in other comprehensive income	(40,169)	(15,496)
Acquisitions	0	0
Sales	0	(13,213)
Amortization	1,124	1,142
Other	(20,640)	(3,365)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 645,508	$ 761,254
Percentage of total	3.00%	4.00%
Asset- backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 0	$ 12,870
Included in realized gains/losses	0	0
Included in other comprehensive income	0	(1,261)
Acquisitions	0	0
Sales	0	0
Amortization	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 0	$ 11,609
Percentage of total	0.00%	0.00%
Collateralized debt obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 63,505	$ 71,598
Included in realized gains/losses	0	(6,787)
Included in other comprehensive income	(3,809)	9,900
Acquisitions	0	0
Sales	0	(13,213)
Amortization	1,123	1,140
Other	(1,281)	(1,337)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 59,538	$ 61,301
Percentage of total	0.00%	1.00%
Corporates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Beginning Balance	$ 641,688	$ 714,505
Included in realized gains/losses	0	0
Included in other comprehensive income	(36,360)	(24,135)
Acquisitions	0	0
Sales	0	0
Amortization	1	2
Other	(19,359)	(2,028)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	$ 585,970	$ 688,344
Percentage of total	3.00%	3.00%

Investments - Unrealized Gains

Investments - Unrealized Gains or (Losses) Included in Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Unrealized Gains (Losses) included in Other Comprehensive Income for Assets Held at the End of the Period	$ (40,169)	$ (15,496)
Asset- backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Unrealized Gains (Losses) included in Other Comprehensive Income for Assets Held at the End of the Period	0	(1,261)
Collateralized debt obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Unrealized Gains (Losses) included in Other Comprehensive Income for Assets Held at the End of the Period	(3,809)	9,900
Corporates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Unrealized Gains (Losses) included in Other Comprehensive Income for Assets Held at the End of the Period	$ (36,360)	$ (24,135)

Investments - Information about

Investments - Information about Investments in Unrealized Loss Position (Detail)	Mar. 31, 2022Issueissuer	Dec. 31, 2021Issueissuer
Investments, Debt and Equity Securities [Abstract]
Less than Twelve Months	915	138
Twelve Months or Longer	54	42
Total	969	180
Fixed maturity, portfolio issues	2,091	2,060
Fixed portfolio, number of issuers | issuer	876	843

Investments - Schedule of Unrea

Investments - Schedule of Unrealized Investment Losses by Class of Investment (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	$ 3,913,063	$ 461,943
Unrealized Loss, Less than Twelve Months	(354,151)	(9,688)
Fair Value, Twelve Months or Longer	272,651	248,093
Unrealized Loss, Twelve Months or Longer	(54,679)	(24,351)
Fair Value	4,185,714	710,036
Unrealized Loss	(408,830)	(34,039)
Investment Grade
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	3,773,992	445,548
Unrealized Loss, Less than Twelve Months	(346,111)	(9,405)
Fair Value, Twelve Months or Longer	157,550	124,933
Unrealized Loss, Twelve Months or Longer	(33,147)	(10,739)
Fair Value	3,931,542	570,481
Unrealized Loss	(379,258)	(20,144)
Investment Grade | U.S. Government direct, guaranteed, and government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	27,111	118
Unrealized Loss, Less than Twelve Months	(271)	(1)
Fair Value, Twelve Months or Longer	3,591	3,867
Unrealized Loss, Twelve Months or Longer	(446)	(163)
Fair Value	30,702	3,985
Unrealized Loss	(717)	(164)
Investment Grade | States, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	1,308,081	141,310
Unrealized Loss, Less than Twelve Months	(193,624)	(2,824)
Fair Value, Twelve Months or Longer	4,630	2,436
Unrealized Loss, Twelve Months or Longer	(1,503)	(83)
Fair Value	1,312,711	143,746
Unrealized Loss	(195,127)	(2,907)
Investment Grade | Foreign governments
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	7,738	12,567
Unrealized Loss, Less than Twelve Months	(959)	(561)
Fair Value, Twelve Months or Longer	25,506	23,144
Unrealized Loss, Twelve Months or Longer	(7,316)	(4,571)
Fair Value	33,244	35,711
Unrealized Loss	(8,275)	(5,132)
Investment Grade | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	2,386,411	281,064
Unrealized Loss, Less than Twelve Months	(150,688)	(6,003)
Fair Value, Twelve Months or Longer	123,823	95,485
Unrealized Loss, Twelve Months or Longer	(23,882)	(5,922)
Fair Value	2,510,234	376,549
Unrealized Loss	(174,570)	(11,925)
Investment Grade | Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Investment Grade | Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	44,651	10,489
Unrealized Loss, Less than Twelve Months	(569)	(16)
Fair Value, Twelve Months or Longer	0	1
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	44,651	10,490
Unrealized Loss	(569)	(16)
Investment Grade | Financial | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	889,046	133,654
Unrealized Loss, Less than Twelve Months	(62,791)	(1,507)
Fair Value, Twelve Months or Longer	54,507	52,864
Unrealized Loss, Twelve Months or Longer	(8,343)	(1,932)
Fair Value	943,553	186,518
Unrealized Loss	(71,134)	(3,439)
Investment Grade | Utilities | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	257,824	25,447
Unrealized Loss, Less than Twelve Months	(8,762)	(692)
Fair Value, Twelve Months or Longer	4,736	2,372
Unrealized Loss, Twelve Months or Longer	(1,106)	(320)
Fair Value	262,560	27,819
Unrealized Loss	(9,868)	(1,012)
Investment Grade | Energy | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	236,413	6,519
Unrealized Loss, Less than Twelve Months	(13,801)	(238)
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	236,413	6,519
Unrealized Loss	(13,801)	(238)
Investment Grade | Other corporate sectors | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	1,003,128	115,444
Unrealized Loss, Less than Twelve Months	(65,334)	(3,566)
Fair Value, Twelve Months or Longer	64,580	40,249
Unrealized Loss, Twelve Months or Longer	(14,433)	(3,670)
Fair Value	1,067,708	155,693
Unrealized Loss	(79,767)	(7,236)
Below Investment Grade
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	139,071	16,395
Unrealized Loss, Less than Twelve Months	(8,040)	(283)
Fair Value, Twelve Months or Longer	115,101	123,160
Unrealized Loss, Twelve Months or Longer	(21,532)	(13,612)
Fair Value	254,172	139,555
Unrealized Loss	(29,572)	(13,895)
Below Investment Grade | States, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Below Investment Grade | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	139,071	16,395
Unrealized Loss, Less than Twelve Months	(8,040)	(283)
Fair Value, Twelve Months or Longer	101,999	110,117
Unrealized Loss, Twelve Months or Longer	(21,272)	(13,198)
Fair Value	241,070	126,512
Unrealized Loss	(29,312)	(13,481)
Below Investment Grade | Collateralized debt obligations
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	0	0
Unrealized Loss	0	0
Below Investment Grade | Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	0	0
Unrealized Loss, Less than Twelve Months	0	0
Fair Value, Twelve Months or Longer	13,102	13,043
Unrealized Loss, Twelve Months or Longer	(260)	(414)
Fair Value	13,102	13,043
Unrealized Loss	(260)	(414)
Below Investment Grade | Financial | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	56,133	15,695
Unrealized Loss, Less than Twelve Months	(4,293)	(272)
Fair Value, Twelve Months or Longer	54,149	56,897
Unrealized Loss, Twelve Months or Longer	(8,381)	(5,638)
Fair Value	110,282	72,592
Unrealized Loss	(12,674)	(5,910)
Below Investment Grade | Utilities | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	14,690	0
Unrealized Loss, Less than Twelve Months	(405)	0
Fair Value, Twelve Months or Longer	0	0
Unrealized Loss, Twelve Months or Longer	0	0
Fair Value	14,690	0
Unrealized Loss	(405)	0
Below Investment Grade | Energy | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	26,871	0
Unrealized Loss, Less than Twelve Months	(718)	0
Fair Value, Twelve Months or Longer	22,996	26,639
Unrealized Loss, Twelve Months or Longer	(5,082)	(1,445)
Fair Value	49,867	26,639
Unrealized Loss	(5,800)	(1,445)
Below Investment Grade | Other corporate sectors | Corporates
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than Twelve Months	41,377	700
Unrealized Loss, Less than Twelve Months	(2,624)	(11)
Fair Value, Twelve Months or Longer	24,854	26,581
Unrealized Loss, Twelve Months or Longer	(7,809)	(6,115)
Fair Value	66,231	27,281
Unrealized Loss	$ (10,433)	$ (6,126)

Investments - Fixed Maturities,

Investments - Fixed Maturities, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 387
Allowance for credit losses ending balance	0
Corporates | Fixed maturities available for sale
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	387	$ 3,346
Additions to allowance for which credit losses were not previously recorded	0	0
Additions (reductions) to allowance for fixed maturities that previously had an allowance	0	0
Reduction of allowance for which the Company intends to sell or more likely than not will be required to sell or sold during the period	(387)	(3,346)
Allowance for credit losses ending balance	$ 0	$ 0

Investments - Schedule of Other

Investments - Schedule of Other Long-Term Investments (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Long-Term Investment [Line Items]
Commercial mortgage loan participations	$ 889,769	$ 793,925
Commercial mortgage participations
Long-Term Investment [Line Items]
Commercial mortgage loan participations	144,074	141,843
Other
Long-Term Investment [Line Items]
Commercial mortgage loan participations	13,335	11,819
Partnership Interest - Fair Value Option | Investment funds
Long-Term Investment [Line Items]
Commercial mortgage loan participations	$ 732,360	$ 640,263

Investments - Schedule of Inves

Investments - Schedule of Investment Funds (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Alternative Investment [Line Items]
Investment funds, unfunded commitments	$ 358,000
Investment funds
Alternative Investment [Line Items]
Investment funds, fair value	732,360	$ 640,263
Investment funds, unfunded commitments	358,140
Capital called from investment funds	118,000
Investment funds | Commercial mortgage loans
Alternative Investment [Line Items]
Investment funds, fair value	409,918	423,776
Investment funds, unfunded commitments	254,876
Investment funds | Opportunistic credit
Alternative Investment [Line Items]
Investment funds, fair value	173,058	178,215
Investment funds, unfunded commitments	$ 0
Initial lock period	2 years
Redemption period	36 months
Investment funds | Other investments
Alternative Investment [Line Items]
Investment funds, fair value	$ 149,384	$ 38,272
Investment funds, unfunded commitments	$ 103,264

Investments - Commercial Mortga

Investments - Commercial Mortgage Loan Participations (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (827)
Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 144,901	$ 142,670
Carrying value, gross, percent	101.00%	101.00%
Allowance for credit losses	$ (827)	$ (827)	$ (2,147)	$ (3,505)
Allowance for credit losses, percent	(1.00%)	(1.00%)
Carrying value, net of valuation allowance	$ 144,074	$ 141,843
Carrying value, net, percent	100.00%	100.00%
California | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 69,167	$ 67,659
Carrying value, gross, percent	48.00%	48.00%
New York | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 18,551	$ 18,373
Carrying value, gross, percent	13.00%	13.00%
Pennsylvania | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 11,673	$ 11,673
Carrying value, gross, percent	8.00%	8.00%
Indiana | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 9,717	$ 9,717
Carrying value, gross, percent	7.00%	7.00%
Florida | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 8,246	$ 8,213
Carrying value, gross, percent	6.00%	6.00%
Texas | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 5,960	$ 5,898
Carrying value, gross, percent	4.00%	4.00%
Other | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 21,587	$ 21,137
Carrying value, gross, percent	15.00%	15.00%
Mixed use | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 60,396	$ 57,996
Carrying value, gross, percent	42.00%	41.00%
Hospitality | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 23,161	$ 23,186
Carrying value, gross, percent	16.00%	16.00%
Retail | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 19,860	$ 19,811
Carrying value, gross, percent	14.00%	14.00%
Industrial | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 17,900	$ 17,900
Carrying value, gross, percent	13.00%	13.00%
Multi-family | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 14,770	$ 14,872
Carrying value, gross, percent	10.00%	11.00%
Office | Commercial mortgage participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value, gross	$ 8,814	$ 8,905
Carrying value, gross, percent	6.00%	6.00%

Investments - Commercial Mort_2

Investments - Commercial Mortgage Loan Participations, Internal Credit Assessment (Details) $ in Thousands	Mar. 31, 2022USD ($)loan	Dec. 31, 2021USD ($)loan
Financing Receivable, Credit Quality Indicator [Line Items]
Less allowance for credit losses on the investment pool	$ (827)	$ (827)
Less allowance for credit losses on individual loans	$ 0	$ 0
Commercial mortgage participations
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	22	22
Current Fiscal Year	$ 0	$ 0
Fiscal Year before Current Fiscal Year	0	25,036
Two Years before Current Fiscal Year	26,342	33,691
Three Years before Current Fiscal Year	34,540	48,214
Four Years before Current Fiscal Year	48,168	35,729
More than Five Years before Current Fiscal Year	35,851
Total commercial mortgage loans	144,901	142,670
Carrying value, net of valuation allowance	$ 144,074	$ 141,843
Commercial mortgage participations | Low
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	14	14
Current Fiscal Year	$ 0	$ 0
Fiscal Year before Current Fiscal Year	0	23,636
Two Years before Current Fiscal Year	25,045	11,925
Three Years before Current Fiscal Year	12,509	41,209
Four Years before Current Fiscal Year	41,151	35,729
More than Five Years before Current Fiscal Year	35,851
Total commercial mortgage loans	$ 114,556	$ 112,499
Commercial mortgage participations | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	6	6
Current Fiscal Year	$ 0	$ 0
Fiscal Year before Current Fiscal Year	0	1,400
Two Years before Current Fiscal Year	1,297	17,173
Three Years before Current Fiscal Year	17,434	0
Four Years before Current Fiscal Year	0	0
More than Five Years before Current Fiscal Year	0
Total commercial mortgage loans	$ 18,731	$ 18,573
Commercial mortgage participations | High
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	2	2
Current Fiscal Year	$ 0	$ 0
Fiscal Year before Current Fiscal Year	0	0
Two Years before Current Fiscal Year	0	4,593
Three Years before Current Fiscal Year	4,597	7,005
Four Years before Current Fiscal Year	7,017	0
More than Five Years before Current Fiscal Year	0
Total commercial mortgage loans	$ 11,614	$ 11,598

Investments - Commercial Mort_3

Investments - Commercial Mortgage Loan Participations, Allowance for Credit Loss (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses ending balance	$ 827
Commercial mortgage participations
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	22
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 827	$ 3,505
Provision (reversal) for credit losses	0	(1,358)
Allowance for credit losses ending balance	$ 827	$ 2,147

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Thousands	Mar. 31, 2022USD ($)loan	Dec. 31, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Securities, Available-for-sale [Line Items]
Allowance for credit losses	$ 827
Outstanding principal on nonaccrual loan	4,600	$ 4,600
Unfunded loan commitment
Debt Securities, Available-for-sale [Line Items]
Carrying value, net of valuation allowance	27,000
Commercial mortgage participations
Debt Securities, Available-for-sale [Line Items]
Carrying value, net of valuation allowance	$ 144,074	141,843
Number of loans | loan	22
Allowance for credit losses	$ 827	$ 827	$ 2,147	$ 3,505

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Mar. 31, 2022USD ($)
Short-term Debt [Line Items]
Letters of credit facility outstanding	$ 125
Letter of Credit
Short-term Debt [Line Items]
Letter of credit maximum available amount	$ 250

Liability for Unpaid Claims - S

Liability for Unpaid Claims - Summary of Liability for Unpaid Health Claims (Details) - Health claims - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Activity in the Liability for Unpaid Health Claims
Beginning balance	$ 167,832	$ 162,261
Incurred related to:
Current year	176,953	638,054
Prior years	(12,008)	(22,477)
Total incurred	164,945	615,577
Paid related to:
Current year	70,775	487,096
Prior year	89,235	122,910
Total paid	160,010	610,006
Ending balance	$ 172,767	$ 167,832

Liability for Unpaid Claims - R

Liability for Unpaid Claims - Reconciliation of Net Incurred and Paid Claims Development to Liability (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Policy claims and other benefits payable:
Policy claims and other benefits payable	$ 433,553	$ 412,940
Life insurance
Policy claims and other benefits payable:
Policy claims and other benefits payable	260,786	245,108
Health insurance
Policy claims and other benefits payable:
Policy claims and other benefits payable	$ 172,767	$ 167,832

Postretirement Benefits - Pensi

Postretirement Benefits - Pension Assets by Components at Fair Value (Detail) - Pension plan - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 557,701	$ 597,547
Percentage of plan assets	100.00%	100.00%
Investment funds, percentage ownership by pension plan	1.00%	1.00%
Expected life of investment	3 years	3 years
Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 542,156	$ 582,398
Percentage of plan assets	97.00%	97.00%
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 320,511	$ 339,839
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	221,645	242,559
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 15,545	$ 15,149
Percentage of plan assets	3.00%	3.00%
Total corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 186,559	$ 207,577
Percentage of total plan assets, within plan asset category	33.00%	35.00%
Total corporate bonds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Total corporate bonds | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	186,559	207,577
Total corporate bonds | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Financial
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 47,184	$ 52,522
Percentage of total plan assets, within plan asset category	8.00%	9.00%
Financial | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Financial | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	47,184	52,522
Financial | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Utilities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 39,148	$ 43,663
Percentage of total plan assets, within plan asset category	7.00%	7.00%
Utilities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Utilities | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	39,148	43,663
Utilities | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Energy
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 20,916	$ 22,719
Percentage of total plan assets, within plan asset category	4.00%	4.00%
Energy | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Energy | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	20,916	22,719
Energy | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other corporates
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 79,311	$ 88,673
Percentage of total plan assets, within plan asset category	14.00%	15.00%
Other corporates | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Other corporates | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	79,311	88,673
Other corporates | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Exchange traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 300,244	$ 315,720
Percentage of total plan assets, within plan asset category	55.00%	52.00%
Exchange traded funds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 300,244	$ 315,720
Exchange traded funds | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Exchange traded funds | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 223	$ 239
Percentage of total plan assets, within plan asset category	0.00%	0.00%
Other bonds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Other bonds | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	223	239
Other bonds | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Guaranteed annuity contract
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 34,863	$ 34,743
Percentage of total plan assets, within plan asset category	6.00%	6.00%
Guaranteed annuity contract | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0
Guaranteed annuity contract | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	34,863	34,743
Guaranteed annuity contract | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Short-term investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 12,075	$ 13,731
Percentage of total plan assets, within plan asset category	2.00%	2.00%
Short-term investments | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 12,075	$ 13,731
Short-term investments | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Short-term investments | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 8,192	$ 10,388
Percentage of total plan assets, within plan asset category	1.00%	2.00%
Other | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 8,192	$ 10,388
Other | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	0	0
Other | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, within plan asset category	$ 0	$ 0

Postretirement Benefits - Activ

Postretirement Benefits - Activity for the SERP (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Retirement Benefits [Abstract]
Premiums paid for insurance coverage	$ 443	$ 443
Total investments:
Company owned life insurance	53,572		$ 52,791
Exchange traded funds	80,685		87,133
Total investments of SERP	$ 134,257		$ 139,924

Postretirement Benefits - Pen_2

Postretirement Benefits - Pension and SERP Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	$ 743,586	$ 778,934
Nonqualified Plan | SERP
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	91,725	92,017
Funded defined benefit pension | Qualified Plan | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Pension benefit obligation	$ 651,861	$ 686,917

Postretirement Benefits - Compo

Postretirement Benefits - Components of Net Periodic Pension Costs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Retirement Benefits [Abstract]
Service cost	$ 8,655	$ 7,918
Interest cost	6,123	5,467
Expected return on assets	(8,885)	(8,083)
Prior service cost	158	158
Actuarial (gain) loss	3,209	4,985
Net periodic benefit cost	$ 9,260	$ 10,445

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Basic weighted average shares outstanding (in shares)	99,273,616	103,482,944
Weighted average dilutive options outstanding (in shares)	976,758	1,354,773
Diluted weighted average shares outstanding (in shares)	100,250,374	104,837,717
Antidilutive shares (in shares)	563,991	1,836,559

Debt - Selected Information abo

Debt - Selected Information about Debt Issues (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, par value, gross	$ 1,715,612,000
Current maturity of long-term debt, par value	150,000,000
Par Value	1,565,612,000
Total short-term debt, par value	522,524,000
Total debt, par value	2,088,136,000
Unamortized discount & issuance costs, noncurrent	(18,915,000)
Unamortized discount & issuance costs, current maturities	(161,000)
Unamortized discount & issuance costs, long-term debt	(18,754,000)
Unamortized discount & issuance costs, current	(445,000)
Total debt, unamortized discount & issuance costs,	(19,199,000)
Long-term debt, net, book value	1,696,697,000	$ 1,696,246,000
Current maturity of long-term debt, book value	149,839,000	149,752,000
Long-term debt	1,546,858,000	1,546,494,000
Total short-term debt, book value	522,079,000	479,644,000
Total debt, book value	2,068,937,000	2,026,138,000
Long-term debt, gross, fair value	1,677,231,000
Current maturity of term loan, fair value	151,500,000
Long-term debt, net, fair value	1,525,731,000
Total short-term debt, fair value	523,740,000
Total debt, fair value	2,049,471,000
Commercial Paper
Debt Instrument [Line Items]
Total short-term debt, par value	372,524,000
Unamortized discount & issuance costs, current	(284,000)
Total short-term debt, book value	372,240,000	329,892,000
Total short-term debt, fair value	$ 372,240,000
Senior Notes Due 2023
Debt Instrument [Line Items]
Coupon Rate	7.875%
Long-term debt, par value, gross	$ 165,612,000
Unamortized discount & issuance costs, noncurrent	(327,000)
Debt	165,285,000	165,216,000
Long-term debt, gross, fair value	$ 174,991,000
Senior Notes Due 2022
Debt Instrument [Line Items]
Coupon Rate	3.80%
Long-term debt, par value, gross	$ 150,000,000
Unamortized discount & issuance costs, noncurrent	(161,000)
Debt	149,839,000	149,752,000
Long-term debt, gross, fair value	151,500,000
Senior Notes Due 2022 | Consolidation eliminations | Subsidiaries
Debt Instrument [Line Items]
Par Value	150,000,000
Long-term debt, net, book value	$ 150,000,000
Senior Notes Due 2028
Debt Instrument [Line Items]
Coupon Rate	4.55%
Long-term debt, par value, gross	$ 550,000,000
Unamortized discount & issuance costs, noncurrent	(4,888,000)
Debt	545,112,000	544,949,000
Long-term debt, gross, fair value	$ 576,906,000
Senior Notes Due 2030
Debt Instrument [Line Items]
Coupon Rate	2.15%
Long-term debt, par value, gross	$ 400,000,000
Unamortized discount & issuance costs, noncurrent	(4,111,000)
Debt	395,889,000	395,778,000
Long-term debt, gross, fair value	$ 358,344,000
Junior Subordinated Debentures Due 2057
Debt Instrument [Line Items]
Coupon Rate	5.275%
Long-term debt, par value, gross	$ 125,000,000
Unamortized discount & issuance costs, noncurrent	(1,601,000)
Debt	123,399,000	123,396,000
Long-term debt, gross, fair value	$ 127,150,000
Junior Subordinated Debentures Due 2061
Debt Instrument [Line Items]
Coupon Rate	4.25%
Long-term debt, par value, gross	$ 325,000,000
Unamortized discount & issuance costs, noncurrent	(7,827,000)
Debt	317,173,000	$ 317,155,000
Long-term debt, gross, fair value	$ 288,340,000

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Par Value	$ 1,565,612,000
FHLB stock	9,400,000	$ 7,900,000
Long-term debt, net, book value	$ 1,696,697,000	$ 1,696,246,000
Junior Subordinated Debentures Due 2056
Debt Instrument [Line Items]
Interest rate	4.25%
Senior notes
Debt Instrument [Line Items]
Optional redemption, period from issuance date	5 years
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 545,000,000
Fair value of pledged assets	705,000,000
Long-term debt, net, book value	$ 0

Business Segments - Segment Pre

Business Segments - Segment Premium Income by Distribution Channel and Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)
Segment Reporting [Abstract]
Number of segments | segment	4
Segment Reporting Information [Line Items]
Revenue	$ 1,071,602	$ 1,002,293
% of Total	100.00%	100.00%
Life
Segment Reporting Information [Line Items]
Revenue	$ 754,602	$ 708,119
% of Total	100.00%	100.00%
Health
Segment Reporting Information [Line Items]
Revenue	$ 317,000	$ 294,173
% of Total	100.00%	100.00%
Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 1
% of Total	0.00%	100.00%
American Income
Segment Reporting Information [Line Items]
Revenue	$ 398,841	$ 362,246
% of Total	37.00%	36.00%
American Income | Life
Segment Reporting Information [Line Items]
Revenue	$ 369,987	$ 334,895
% of Total	49.00%	47.00%
American Income | Health
Segment Reporting Information [Line Items]
Revenue	$ 28,854	$ 27,351
% of Total	9.00%	9.00%
American Income | Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0.00%	0.00%
Direct to Consumer
Segment Reporting Information [Line Items]
Revenue	$ 269,882	$ 263,388
% of Total	25.00%	26.00%
Direct to Consumer | Life
Segment Reporting Information [Line Items]
Revenue	$ 251,126	$ 244,028
% of Total	33.00%	35.00%
Direct to Consumer | Health
Segment Reporting Information [Line Items]
Revenue	$ 18,756	$ 19,360
% of Total	6.00%	7.00%
Direct to Consumer | Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0.00%	0.00%
Liberty National
Segment Reporting Information [Line Items]
Revenue	$ 127,905	$ 122,777
% of Total	12.00%	12.00%
Liberty National | Life
Segment Reporting Information [Line Items]
Revenue	$ 80,719	$ 75,737
% of Total	11.00%	11.00%
Liberty National | Health
Segment Reporting Information [Line Items]
Revenue	$ 47,186	$ 47,040
% of Total	15.00%	16.00%
Liberty National | Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0.00%	0.00%
United American
Segment Reporting Information [Line Items]
Revenue	$ 134,723	$ 119,365
% of Total	13.00%	12.00%
United American | Life
Segment Reporting Information [Line Items]
Revenue	$ 2,059	$ 2,277
% of Total	0.00%	0.00%
United American | Health
Segment Reporting Information [Line Items]
Revenue	$ 132,664	$ 117,087
% of Total	42.00%	40.00%
United American | Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 1
% of Total	0.00%	100.00%
Family Heritage
Segment Reporting Information [Line Items]
Revenue	$ 90,909	$ 84,453
% of Total	8.00%	9.00%
Family Heritage | Life
Segment Reporting Information [Line Items]
Revenue	$ 1,369	$ 1,118
% of Total	0.00%	0.00%
Family Heritage | Health
Segment Reporting Information [Line Items]
Revenue	$ 89,540	$ 83,335
% of Total	28.00%	28.00%
Family Heritage | Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0.00%	0.00%
Other
Segment Reporting Information [Line Items]
Revenue	$ 49,342	$ 50,064
% of Total	5.00%	5.00%
Other | Life
Segment Reporting Information [Line Items]
Revenue	$ 49,342	$ 50,064
% of Total	7.00%	7.00%
Other | Health
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0.00%	0.00%
Other | Annuity
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0
% of Total	0.00%	0.00%

Business Segments - Reconciliat

Business Segments - Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue:
Premium	$ 1,071,602	$ 1,002,293
Net investment income	243,834	235,820
Other income	164	295
Total revenue	1,315,600	1,238,408
Expenses:
Policy obligations	753,248	712,719
Required interest on reserves	0	0
Required interest on DAC	0	0
Amortization of acquisition costs	158,384	152,993
Commissions, premium taxes, and non-deferred acquisition costs	90,813	79,666
Insurance administrative expense	72,677	71,004
Parent expense	2,640	2,318
Stock-based compensation expense	9,035	7,888
Interest expense	19,944	21,178
Total benefits and expenses	1,106,741	1,047,766
Subtotal	208,859	190,642
Non-operating items	112	4,828
Measure of segment profitability (pretax)	208,971	195,470
Realized gain (loss)—investments	(7,244)	28,152
Non-operating expenses	(112)
Legal proceedings		(4,828)
Income before income taxes	201,615	218,794
Life
Revenue:
Premium	754,602	708,119
Health
Revenue:
Premium	317,000	294,173
Annuity
Revenue:
Premium	0	1
Operating Segments
Expenses:
Non-operating items	0	0
Operating Segments | Life
Revenue:
Premium	754,602	708,119
Net investment income	0	0
Other income	0	0
Total revenue	754,602	708,119
Expenses:
Policy obligations	549,343	517,631
Required interest on reserves	(189,709)	(179,925)
Required interest on DAC	56,232	53,795
Amortization of acquisition costs	126,079	123,304
Commissions, premium taxes, and non-deferred acquisition costs	62,203	56,668
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	604,148	571,473
Subtotal	150,454	136,646
Measure of segment profitability (pretax)	150,454	136,646
Operating Segments | Health
Revenue:
Premium	317,000	294,173
Net investment income	0	0
Other income	0	0
Total revenue	317,000	294,173
Expenses:
Policy obligations	196,855	187,829
Required interest on reserves	(26,865)	(24,995)
Required interest on DAC	7,463	6,962
Amortization of acquisition costs	31,852	29,207
Commissions, premium taxes, and non-deferred acquisition costs	28,602	22,990
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	237,907	221,993
Subtotal	79,093	72,180
Measure of segment profitability (pretax)	79,093	72,180
Operating Segments | Annuity
Revenue:
Premium	0	1
Net investment income	0	0
Other income	0	0
Total revenue	0	1
Expenses:
Policy obligations	7,050	7,259
Required interest on reserves	(9,672)	(10,005)
Required interest on DAC	53	70
Amortization of acquisition costs	453	482
Commissions, premium taxes, and non-deferred acquisition costs	8	8
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	(2,108)	(2,186)
Subtotal	2,108	2,187
Measure of segment profitability (pretax)	2,108	2,187
Operating Segments | Investment
Revenue:
Premium	0	0
Net investment income	243,834	235,820
Other income	0	0
Total revenue	243,834	235,820
Expenses:
Policy obligations	0	0
Required interest on reserves	226,246	214,925
Required interest on DAC	(63,748)	(60,827)
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	0	0
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	19,944	21,178
Total benefits and expenses	182,442	175,276
Subtotal	61,392	60,544
Measure of segment profitability (pretax)	61,392	60,544
Corporate & Other
Revenue:
Premium	0	0
Net investment income	0	0
Other income	164	295
Total revenue	164	295
Expenses:
Policy obligations	0	0
Required interest on reserves	0	0
Required interest on DAC	0	0
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	72,565	66,176
Parent expense	2,640	2,318
Stock-based compensation expense	9,035	7,888
Interest expense	0	0
Total benefits and expenses	84,240	76,382
Subtotal	(84,076)	(76,087)
Non-operating items	0	0
Measure of segment profitability (pretax)	(84,076)	(76,087)
Adjustments
Revenue:
Premium	0	0
Net investment income	0	0
Other income	0	0
Total revenue	0	0
Expenses:
Policy obligations	0	0
Required interest on reserves	0	0
Required interest on DAC	0	0
Amortization of acquisition costs	0	0
Commissions, premium taxes, and non-deferred acquisition costs	0	0
Insurance administrative expense	112	4,828
Parent expense	0	0
Stock-based compensation expense	0	0
Interest expense	0	0
Total benefits and expenses	112	4,828
Subtotal	(112)	(4,828)
Non-operating items	112	4,828
Measure of segment profitability (pretax)	$ 0	$ 0